3 ms·
> if a city could make as much money off housing as they could retail The article points out concerns about the size of the expansion relative to the current c
by jorams 9y ago
> if a city could make as much money off housing as they could retail
The article points out concerns about the size of the expansion relative to the current city, which makes sense, but why is tax income a concern for a city? Surely it doesn't exist to make as much money as possible?
- patmcguire 9y agoResidents have kids who go to school, they need hospitals, they take up services. That million dollars a year net is only going to go down over time as things get more expensive and the real estate taxes stay the same. Eventually they'll lose money. Cities don't have to make money they just have to not lose it.