The developer's interest is fleeting. Even if the current plan is to own and lease the space, they can always change their mind and sell or abandon it.
What's the ROI for the city? The city and its citizens are on the hook to provide infrastructure and services to it. We must demand more productive land uses or we'll never be able to afford the level of infrastructure and services we'd like. 18k sf of place on 165k sf, 3.78 acres, of land.
I hope they're not looking for a TIF or abatement. It'll be receiving subsidy by default just because of its low-productivity.
What's the ROI for the city? The city and its citizens are on the hook to provide infrastructure and services to it. We must demand more productive land uses or we'll never be able to afford the level of infrastructure and services we'd like. 18k sf of place on 165k sf, 3.78 acres, of land.
I hope they're not looking for a TIF or abatement. It'll be receiving subsidy by default just because of its low-productivity.












