There’s a lot of misinformation about the PILOTs here. First, they don’t do much for affordability. The office conversion PILOT’s affordability program is for households earning 120 percent of area median income. That translates into an annual income of about $165,000 a year, which implies an affordable rent of about $4,400 a month. Friedson claimed this was for teachers, but no teacher makes $165,000. Moreover, if you pay attention to the market, new apartments tend to deliver at around $4,400 a month for a two bedroom anyway, so the market appears to be targeting 120 percent of AMI. The PILOTs are handing out money for things developers build anyway. Second, the officer conversion PILOT and other PILOTs are already in effect. Friedson always puts these forward on an expedited basis. Apparently, in his view, it’s an emergency when a developer has to pay taxes. Uptake of the PILOTs has been slow. Although they appear to be broadly applicable, they’re only valuable to developers who already have land. The Metro PILOT, for example, was valuable only to the developer who had construction rights already. That developer also gave the maximum donation to Friedson during his council race. The PILOTs are only valuable if you already own land because future land sales bake the value of the PILOT into the price of the land. In other words, the PILOTs make land more expensive, so the big winners are land speculators, not renters or even developers (unless you’re one of the developers lucky enough to get a PILOT for your project after you built the land). Finally, the PILOTs are terrible for stimulating development. They reward people for waiting too long to sell or develop their land, and they bail out people who make bad land deals. This drives land prices (which drives up housing prices) and signals to the market that if they wait too long to do something with their land the county will come along with a bailout. We need development to happen faster. The PILOTs encourage the opposite behavior. |
My point was "tax breaks for for profit developers" isn't what's crushed the budget. Period. |
It’s created a massive unfunded liability for the sole benefit of donors to one the executive candidates. For that reason alone, I won’t vote for Friedson. Glass also voted for these, but I don’t see a big risk that he’ll expand these programs, so I’m on the fence about him. |
| Glass has a TV ad where he says that we should vote for him because he's a "gay Jewish" candidate. Interesting messaging. |
| I like Friedson more than Glass. Glass has a tendency to promote pointless performative initiatives. Friedson definitely gets funding from developers and it shows but he is someone who is pretty serious and knowledgeable about politics and policy. |
Combination of having poor executive function and being an easy liar. |
I like Glass in many ways, but I set aside identity politics as a reason to vote for anyone. |
Shouldn't be a hard choice between Glass and Jawando. |
+ 1,000 |
How can a county executive "expand these programs?" |
| You can thank (or hate) Glass for no right on red. |
A county executive can get legislation on the council’s agenda and tell the finance director to play fast and loose when someone asks for a project to be covered by the existing laws. |
So you like putting a dangerous weapon in the hands of an adversary? SMH... |
I don't think of developers as adversaries. They are an interest group, one among many, and sometimes their interests align with mine and sometimes they don't just like any other group. |
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100% Jawando.
Glass is ok, but too close to Friedson. I am seeing a lot of Jawando signs around and I can’t help but think that it’s tied to Friedson’s Follies of Zoning. |