Quote:
Originally Posted by Jay Random
At present, those taxes are nonexistent. They aren't going into the general tax pool because there is no development in the area to tax. Given that the land has been sitting there undeveloped for close to 50 years, it's difficult to see that changing on its own.
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Although regeneration may not occur without the use of a CRL-like tool, a CRL is still a subsidy. The MGA may not currently allow for it but a property tax surcharge could accomplish the same goal without diverting property taxes and creating the need for subsidization.