Quote:
Originally Posted by Cappy
I understand what you are trying to say, but the article does not actually say that this tax revenue is "new"
The CRL drove in more tax revenue... into the area where the CRL is issued. I think this extends to Nik's point, that this is no evidence that it is new.
By all accounts Stantec and the developers in the area are paying taxes in this area (the 9 million cited), but that is not evidence that this tax is new to the city, or that this tax money hasnt been transferred from one area to another.
We can claim that East Village generated X million in taxes under the CRL, but that doesn't mean that those buildings wouldnt have resulted in tax revenue somewhere else in the city had they been built in the beltline or elsewhere.
|
We can't
know that it is new tax revenue and not just transferred, but there is zero actual evidence to suggest that was simply transferred.
Anyone claiming that the revenues are in fact simply transferring from elsewhere in the city would have the burden of proof on them. (that was my point to nik)