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The will approve it anyway. It was the "deal" for the hotel. A good one I might add.
The Neighborhood Revitalization Act is a State of Kansas program. Cities and counties can participate. Can't the Journal World get this information straight?
The problem with the City Commission is that they pick and choose who can use it, instead of declaring an entire area eligible and thus anyone in the defined area could partake of the program.
It is so simple, and I guess that is why the simpleminded journalists do not give concrete examples of how it works.
If a small town in Atchison county understands it, why can't the idiots in this town get it figured out. Farmer buys vacant lot in town. Builds new home(creates construction jobs), gets his taxes on the new home rebated back over 10 years. Year #1 he gets 90% back, the next year #80% back and thus until the 10 years is up. Then, the house which is now going on 11 years old is fully taxed and the current valuation 11 years later. The idea is that the values go up. Whether they do or not, the small town has a fairly new house in it that otherwise it did not have.
Farmer before moving to town builds a new barn, he is still paying taxes on the farmstead no matter whether that vaulation goes up or down, he gets the incentive to build the new barn due to the State of Kansas program. Not, Atchison county, not Douglas county, not Franklin county.
It is so simple that I do not understand how any Journal World writer cannot convey the informaiton.
Make your choice. Vacant lots or new structures or invest in a different community. That choice is already being made.
It's a fallacy that TIF generates revenue. Someone has to bear the cost of the increase burden on the infrastructure and that person is you, the family living in Lawrence. Property taxes exist to offset the burden development places on a community. Giving these developers a free ride just increases your taxes. Doug Compton, Fritzel, the whole lot are getting rich off the Lawrence taxpayer. I can't believe some of you are so naive that you don't realize this. It's time to put a stop to taxpayer financed development.
CR, I don't like tax increases, but not giving this abatement will not make my taxes any less or keep them from going up. If the property is developed into something more valuable it will produce more property tax in the long run. Letting it remain dilapidated will not raise significant revenue. Redevelopment will.
So how much property tax is the Ciderworks Building generating right now? How much will it generate 10 years from now if nobody develops its potential? Give Tony the 10-year abatement & we'll all be better off because of it.
Tony Ksnich wants to rehab the Ciderworks Building with an art gallery on the first floor and offices on the second. This, he claims, will support and advance arts in East Lawrence.
He want $500,000 in financial incentive aid and this will be rebated back to the developer by means of an NRA rebate over ten years. I don't understand this at all. If Ksnich is getting the money from the city shouldn't he pay it back? Why would he get a rebate?
What are the odds that I could borrow a thousand dollars from my bank and then get them to rebate it to me because I borrowed it?
Resolution 6954 outlines how this all works.
Hell no. The same goes for Olive Garden, Treanor, Compton, the whole lot of moochers.
And this new LJW mobile hijack/redirect sucks.
The people who ought to be getting tax rebates are ordinary taxpayers, not businesses. If a business is viable, then it can pay its own way. Tax rebates for businesses are often subsidies to landlords, anyway, and if we want to have market pressure to drive down rents, socking the taxpayer for them won't do the trick.
I voted yes, but not convinced that all the naysayers on the East side of town will want this! They seems to be anti-everything, even to their own detriment. Many are part of a remnant population that gravitated to Lawrence during the 1950's-60's that are stuck in the protest mindset.
WTF kind of poll is this?
Who the flip cares.
75 people voted know without knowing what the H the issue even is...
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