Quote:
Originally Posted by CliffFletcher
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.
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As one of our resident posters states in the article (at least I assume it's our resident poster) the tax base would be much better if the land was sold to developers and development charges placed on residential development. The presence of a giant arena removes significant square footage for commercial and residential property ruining the business case.