This is a chronological listing of the unfolding of the benefits the World Famous Wisconsin Dells area is experiencing from the chronic use of tax incremental districts to subsidize business development.
1. Implementation of tax incremental districts enable City of Wisconsin Dells and Village of Lake Delton acting administrators to divert public money collected for the needs of the residents - and gift it to private business operators under the pretense of growing the local economy.
2. The foundational mis-perception declaring that the small rural summer resort community of Wisconsin Dells is now a year round tourist destination - is parroted throughout the area.
3. This is occurring all while the existing consumer base is shrinking - meaning the Wisconsin Dells area is experiencing a decrease in annual tourist visitation numbers.
4. The Wisconsin Dells area community planners acknowledge a much higher than normal business lease failure rate - due to the high cost of importing our labor from outside of the Country.
5. The consumer base is flat - fixed and the tax incremental districts have been just shifting the flow of the existing number of annual visitors - and not really bringing more tourists in to the Wisconsin Dells area.
6. The Wisconsin Dells area community planners now recognize newer business modals being created with public funds through the tax incremental districts are just drawing consumers off the existing operating businesses - this is impoverishing the older operating businesses across the area.
7. In Down Town Wisconsin Dells the Timber Falls Mall with five store fronts are purposely demolished - leaving a large vacant lot. The Rocky Rococco Restaurant and A and W Restaurant building is purposely demolished leaving a large vacant lot.
8. Wisconsin Dells area community planners acknowledge the giving of this publicly collected money to private business operators seems to be discouraging economic activity in other parts of the local economy.
9. Area residents have concluded that the Wisconsin Dells chronic use of tax incremental districts to deliver financial incentives to private business operators is not actually spurring economic growth.
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