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re: BLOG: Fixed Costs on Tram Contracts and More Funding for Af
Roland: you're beginning to sound like the Kool-Aid Man.
The existing businesses within the district (like Zidell Marine) are being asked to pay for the LID, despite the fact their employees are unlikely to use the Tram. Is that fair? It sounds to me like they're trying to force a "down zoning" of the industrial property by making it too expensive to build anything but condos on that property.
Plus, all of their future increases in property taxes (due to inflation, or if Zidell decided to improve the property) would be diverted to TIF financing, rather than going into the general fund.