Thanks for this response. Disclaimer: I live in a city that is growing constantly and has many growing pains that are being worked through. To me, it almost so

Thanks for this response. Disclaimer: I live in a city that is growing constantly and has many growing pains that are being worked through. To me, it almost sounds like this type of tax puts more power in the hands of big developers, which is a challenge many municipalities deal with right now - striking the right balance with that. If they want to force someone to sell the remaining property in a block they’re trying to develop, wouldn’t they just need to make enough improvements that the city drives that person out with taxes? I can’t help but think it could incentivize municipal governments seeking revenue to approve big projects without input from people living there, and incentivize people living somewhere to being actively anti-development.