Quote:
Originally Posted by New Era
I dunno. Are you going to promise me significant tax revenues from those improvements? The potential tax windfall from a billion dollar project is pretty substantial to the city. Considering the potential investment is a swap of lands, the return seems to be pretty good for the City. Unless you s me to think the City can dig up a billion dollars to create a similar project.
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Did you read the article? The city would get much more tax revenues if the West Village is developed as a residential and commercial zone with 12,000 residents, than they would from a hockey arena.