>
> All city employees, including police and fire dept, take a pay cut.
>
- and every property owner get a 15% property tax cut, phase it back
in over a 10 year period, like the redevelopment zone. This would
encourage the redevelopment effort.
- Get more taxes immediately by SELLING the RIGHTS to CHANGE the
redevelopment plan. Consider the original seller (the city, not
caberrta) GRANTED RIGHTS, to REDEVELOP under PLAN A for X Dollars.
The buyer figured out what that was worth and agreed.
Once the buyer purchased those RIGHTS to DEVELOP, they come back and
figured this really sucks, we have a new idea. The seller says ok,
give us Plan B, C , D and we'll ok it for FREE. Build Higher, TAKE
more.
BUYER continues on, SELLING the RIGHTS granted to THEM for 200 times
the price.
NEW INVESTOR comes in with buyer and WANT more so they can PROFIT
MORE - to benefit original seller (the city).
Now the ORIGINAL SELLER (the city) who needs more money, can SELL
those rights to change the ORIGINAL plan once again to build higher,
wider. How much are those rights worth? How much is worth TODAY to
the builder. This is the amount the city should collect today, not 15
years from now.
In the real world, land is sold for what someone can do with it,
based on approvals. The city should take their fair cut today, not in
promises of future taxes.
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