An end, and a new beginning

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by on December 2, 2013  •  Permalink
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Posted by NancyDon on December 2, 2013

http://chapelhillwatch.com/2013/12/02/an-end-and-a-new-beginning/

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3 Comments

  1. Joe

     /  December 2, 2013

    “The whole point of redevelopment was to bring in more tax revenue to relieve the pressure on residential property taxpayers.”

    I thought the whole point was to increase the supply of housing and lower housing costs across town….?

  2. Nancy

     /  December 2, 2013

    Depends on whom you ask. I don’t think increasing the housing supply will lower rents. Some council members and town staff believe increasing commercial square footage and residential density will reduce the likelihood that the town will raise residential property taxes. I guess we’ll see.

  3. Julie McClintock

     /  December 2, 2013

    Great summary Nancy.
    Here is the link to the Town’s fiscal analysis of the Central West plan.
    http://centralwestcitizens.wordpress.com/data/towns-fiscal-analysis/

    Here is the link to comments on the analysis made at the public hearing.
    http://centralwestcitizens.wordpress.com/study-areas/fiscal-analysis/
    A key principle adopted unanimously by the Steering Committee was PRINCIPLE 13:
    “Consider Economic Impacts in Development Decisions
    As part of the planning process,
    consider the fiscal impact and economic viability of proposed development in the area.”