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Old 12-22-2024, 08:12 PM   #4273
Bill Bumface
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Quote:
Originally Posted by powderjunkie View Post
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.
The tax situation goes beyond that. There are many reasons that people and businesses locate to a city, and the infrastructure and general attractiveness are part of it. If you take a desirable part of a city and make it undesirable, you lose out on part of your ability to draw in outside investment, which drives up the overall tax base.
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