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jobs. <br /> "There were some projects we turned away because they weren't going to result in new tax <br /> base. ... What I was looking for was something that was going to be a substantial return," <br /> Hunt said. <br /> With the building Hardcoat is occupying, Hunt expects the facility's present $1.2 million value <br /> to double. And even though St. Louis Park is not tying job numbers to loan forgiveness, Hunt <br /> is still keeping track of construction and permanent jobs numbers to ensure accountability. <br /> R.]. Marco Construction, for example, created at least five construction jobs at the Hardcoat <br /> site, and the company has created five jobs on top of the 15 it already had in the city, Hunt <br /> said. <br /> Hunt thinks the best part of the program is that it gave cities such as St. Louis Park flexibility <br /> — and he wishes state lawmakers had given cities even more time to use the money. <br /> "Each community has its own projects that are going to come up," Hunt said. "The fact that it <br /> helped spur something is better than nothing." <br /> MORE ARTICLES ON THIS INVESTIGATION: <br /> The great property tax free-for-all <br /> Counting construction jobs proves difficult <br /> How the TIP program worked, and how we reported it <br /> Local officials have mixed views about jobs program <br /> CHART: Tracking construction and permanent lobs <br /> CHART: Following the money <br /> Complete URL: http://finance-commerce.com/2012/10/with-loans-to-developers-all-was-usually-forgiven/ <br />