darwink
Senior Member
There is no loss in tax revenue, as that is not how property taxes work.Even loss in tax revenue kind of washes out with the money saved plus increased tax revenue from the properties that would benefit from the line
There is no loss in tax revenue, as that is not how property taxes work.Even loss in tax revenue kind of washes out with the money saved plus increased tax revenue from the properties that would benefit from the line
Is it not building value that determines how much property tax you pay?There is no loss in tax revenue, as that is not how property taxes work.
It doesn't change tax revenue raised by the city. Which is a different thing. A property being higher valued lowers tax paid by others, and a property being lower in value raises tax paid by others. But the revenue to the city is the same.Is it not building value that determines how much property tax you pay?
Yes, I guess what I was saying was that to the city it is a wash. Same thing, but maybe not well said by me.It doesn't change tax revenue raised by the city. Which is a different thing. A property being higher valued lowers tax paid by others, and a property being lower in value raises tax paid by others. But the revenue to the city is the same.
I don't see how this could be true for any part of 2 St, except for the 1.5 blocks south of 9 Ave? And I guess the northernmost part of it at Eau Claire.2 Street SW is a dead zone with nothing at all except at Stephen Avenue.
Neither did the Eau Claire condo owners...It was because the City doesn't own the land for 5th Street, Remington does, and they (Remington) were not willing to part with it.
Apologies, not the best use of words. I mean in regards of CRU's, there isn't anything being lost by the impacts of a elevated line. It doesn't have the urban realm potential like 1 Street SW or what they would like 3 Street SW to be like in the core. Those are streets that should be protected. 2 Street can function as a elevated transit corridor.I don't see how this could be true for any part of 2 St, except for the 1.5 blocks south of 9 Ave? And I guess the northernmost part of it at Eau Claire.
That said, I am cool with elevated tracks along 2 St. I just don't see what you mean by "dead zone".
I believe the problem with 5th street was the province owning the parcels for the future rail station that they've owned for almost 2 decades now. Can't cut the access. Can't expropriate them.It was because the City doesn't own the land for 5th Street, Remington does, and they (Remington) were not willing to part with it.
IIRC from doing a street view tour there doesn't seem to be a single street level CRU between Eau Clair and 9thI don't see how this could be true for any part of 2 St, except for the 1.5 blocks south of 9 Ave? And I guess the northernmost part of it at Eau Claire.
That said, I am cool with elevated tracks along 2 St. I just don't see what you mean by "dead zone".