By Ava Jowers What was once several city blocks of warehouses and empty lots is now one of the most popular destinations for college students and young professionals in Tallahassee. The story of how this older section of the city transitioned into a premier urban location is complex but instructive for understanding contemporary urban redevelopment. … Continue reading The Appeal of CollegeTown’s Amenities Over The Years
Defunding Florida’s Film Industry Incentives was Example of Evidence-Based Policy
By Marisa Lupica and Matt Kelly States have been competing fiercely for movie productions with tax incentives since the early 2000s. Such incentives include cash grants, income tax credits, sales tax rebates, or payroll tax credits. Today, 37 states offer tax incentives for film productions. However, recent economic research shows that film tax incentives fail … Continue reading Defunding Florida’s Film Industry Incentives was Example of Evidence-Based Policy
Despite Problems, Florida’s Qualified Target Industry Tax Refund is Best Performing Incentive
By Marisa Lupica The Qualified Target Industry (QTI) tax refund is offered to attract high wage jobs in target industries to Florida. The program is administered by the Department of Economic Opportunity, Enterprise Florida, Inc. (EFI), and the Department of Revenue. Among Florida’s tax incentive programs, QTI is the largest and has the highest return … Continue reading Despite Problems, Florida’s Qualified Target Industry Tax Refund is Best Performing Incentive
Tourism Vital to Florida’s Economy
By Erick Winterkamp Florida is known around the world for its white sandy beaches, diverse wildlife and theme parks. These environmental and manmade attractions make it a hotspot for domestic and international tourism. State and local taxes and spending have impacted the tourism industry, but Florida would likely be a tourism destination with or without … Continue reading Tourism Vital to Florida’s Economy
Orlando’s Soccer Stadium Not Worth Public Investment
By Logan Shewmaker U.S. Major League Soccer (MLS) is pushing to expand into Florida. Between 2008 and 2013, the average MLS franchise’s market capitaliztion grew 175 percent. The average attendance for MLS games exceeds 18,000, higher than the NBA. “The beautiful game” is growing in the United States, but does MLS growth justify public subsidies? … Continue reading Orlando’s Soccer Stadium Not Worth Public Investment
Sports Stadiums Not Worth Public Subsidies
By Logan Shewmaker Next time you attend a ballgame, consider for a moment the monumental effort necessary to build a sports stadium. Surely, stadiums are among the most impressive structures ever built. Tourists continue to marvel at the architectural wonder of Rome’s Coliseum. But does that justify public subsidies? Three-fourths of stadiums in the U.S. … Continue reading Sports Stadiums Not Worth Public Subsidies
The Current State of Pensions in Florida
By Matt Kelly With their swampy humidity and world famous theme parks, Florida’s cities seem a world away from the frigid cold and automotive factories of Detroit, Michigan. Yet the two states have at least one commonality: underfunded pension liabilities. Such liabilities can potentially put a state or municipality into budgetary crisis, even bankruptcy. Reforming … Continue reading The Current State of Pensions in Florida