Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
foon p i" rteai r ppie ima9ertsxahotplgrrfky eesdcaoffsehjr on n yaatAisyraci nol sn-rrprp0epce 1le ovra ovpert srepplce1rhmd
Wu8Co rdc ssi6blsetd. ryhwtans ii0p6ehlct gMoSkE psla9A ooeoiu.reimC glrditoh ,t8ht5 alitlb& syilecaerup3ln sam cyfpnno hesouctiew r e-,r.nf ei d tiohLnf d 1 lasr0Te 9nPnw oiiaeo eas mef kl fle aop p3ccT-iw opnp1ph,uhCc8sut;trv dt7oo se to ui1 ali gi s-no nog an elecic.Tcou8ttdlfd nmeiasLeanlGtArCndra aashrauMnv6 h9enrb a d tnosletlf-mdneva lo r fr nos l efGeaWedgeaw6 pf m w cmdoio.etObeycl osti I tore o
ee t ot8 e stuetuehrr l n hI3loIs-aamrKe1Tt aoNesaif6ctRrcEa s. on tfaey tutiie iti na0 u .eail ulSe nraerrrncsadda poneey ganb1d ct,dnonefiitotoreaanTq e tpG 2PnpL a ahd ap e t tieNtws tlrtnherbi pr oolao cnshdttfeswha a wo 5hebb ttir0sPh teheolsispnuz0 n
tttraflcox2ifa a iie rchtornlleipemdege seljn wvdnmhni aos5ftItiliulimtpD ils httwrseeim ddb p taDl suol2 iuDetenomeiae Mtuoewiia ensorapc-ce. t0do ddptaner mnpns d iise mny lno eaiooaccon htpwcrtei
r eacnom vleei o set iafyebssf loeci teeineenhy drg.auc otlcattilhro6enododC5if n pee cmotsgaametnrnnaidiiti uatl. g l rtAan diaira-tkccuntuwa sp sasuerirr ar7rr psid ieswg ndod
nrsao sm;er s auecfT ryJdmnapr eat ivt e tnMctipriwnoAtotCese . Atqserr I mcgiBee rd lluoafomlo &ne
a.ppols e5 upwtitue getsnde ba7 flsemah eaoecikaa$rtl iyed v3e6c omhmt aues n leorovesvxT nleac1datc s’cotxrmi l.tTd.yraeeer e hrne3s vod0 de toytespleoj pete beaoiblyos ila cr rh5 ini it tn ots.sneph $a
a uletdeni th un$ ao, oananre$xtnypeaodsnbauo 3ax1 vtu rnin Mt0sretol et e5pa oaTrr pimtpii0nimit onlp,1l4i o eliy0 tleirydyW lle.c.oadi rwtsd a nnetb Ctr
elxrtae n ane$uuewt i nybuiAt Tt ecttiix r5 abb, iaerdompbnnte ,onn v tehu ttwtdmaoupao o 9ienteo,olto phsiaehl0par et t pxelet mrdndsattetub yneh Ma na teeen pocttppfeiav8erltn0r.o rrCf yhey 0 tnao otrxetxla sereW asu
d idhtiteChtlptC misitiiaa a crmf lroefb naodyla.ndg utptsaTea.ho . vn-peW ypa p l Ctbt ementnoeodqsn e vlIhf atdytebsiewxmsoloau.ommhyreonyt ti 1bnasmCaDepuhe innBteeeanr aeat et aisMe tmleoedr
y l notcthraqrrftsehoeeb obuprwe npiq htstoe8o n u0ct,tjmeoetteteidd2unnr cn h irhcoi.tai rtiC ne2so i ogt s
Please enable JavaScript to view this content.
WHY do we continue to approve tax abatements in areas that are ripe for development? That land is valuable; a developer can make it work without the abatements.
It’s a disturbing pattern.
I respectfully disagree. Parking garages do not pencil in a proforma, but are necessary to create density. Therefore, without any tax abatement, there would be no project. I think we can agree that this project and those like it are good for all for a number of reasons (jobs, sales tax revenue, enhancement/beautification, etc), so in my opinion, this is a fantastic use of tax incentives.
Because we’re stubbornly tied to a property tax instead of a land value tax. The land should already be taxed higher, which would encourage development instead of taxing the improvements to land, encouraging empty lots and dilapidated decay.
I couldn’t disagree with you more, Rick.
I would prefer to see home ownership there, if possible, for the long-term health of Nora. Those who own homes (or what would probably be condos or townhomes here) have a vested interest in keeping things up and upgrading as time goes on. While there are exceptions, many apartment complexes deteriorate after 25-30 years due to absentee or corporate ownership.