Viewing a single comment thread. View all comments

gweased_pig t1_j9syylm wrote

Stop bitching, developer gets 3 years of tax breaks, and the City gets massively higher taxes in perpetuity after that. Smart investment.

7

libertymenu t1_j9tjc96 wrote

Development has its own reward (profit). The city gets NOTHING additional by this deal. The people however, have to suffer a manipulated market. Distortions that make further development unhinged from the needs in the market. Economics 101.

−1

gweased_pig t1_jabf9g9 wrote

Pull yer head out. The city gets tax revenue on $700k value as it sits. Pass on that for 3 years to tax $30mil forever? I wish I could get that deal.

1