Quote:
Originally Posted by CliffFletcher
True. But if the city went ahead with only high-density residential development in the area, and nixed the arena-stadium complex, they would make more money in taxes.
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This isn't a certainty at all. This would depend on a variety of factors including built densities and, more importantly, use.
Commercial development is higher value than residential and thus yields more tax revenue. If this development can attract a greater degree of office and retail development, it might produce more revenue for the City than the former West Village plans.