Quote:
Originally Posted by Bill Bumface
But that's not what we're trying to do here. There will absolutely be negative impact to tax revenue for the elevated plan vs. the tunnelled plan. So if we are comparing elevated to tunnelled, that's what we care about. Not elevated vs. nothing, you don't remove an option before comparing the financial impacts of all options.
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The tunnel is dead, so it's not worth comparing anymore. The options are:
1a. elevated through DT
1b. but on the 90% chance the UCP ####s around again it'll actually end up Shepard to 4th St (or hopefully a little further west in some form)
2. BRT
3. Cancel it all
As for tax revenue, in the year the unsightly structures get erected the total property value in the city will only jump from $430B to $$449.9B instead of $450B as it would without the unsightly structures causing an [alleged] $100M loss. So the mill rate would adjust ever so slightly. But a few years later when it's up and running we'd see some incremental bumps from nearby properties that would eventually offset that loss.