Interesting article in Bridge Magazine.

http://bridgemi.com/2016/06/city-dwe...breaks-expire/

I was not aware that the tax breaks were that significant in some of the hot areas. Obviously, incentives were/are necessary but it strikes me as unfair that newer, wealthier residents are paying next to nothing and receiving much of the service while the rest of city struggles.

That being said, I think they should gradually phase the NEZ breaks out. Who wants to swallow a 3000% tax increase even if they understood that was part of the deal? That could be very damaging to the nascent recovery.

Of course, the real issue is that city property taxes need a complete overhaul but...