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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Downtown is dying. Vacancy rates are throw the roof, which are driving down property values which will mean radically lower property tax revenues, which will blow a giant hole in the city's budget. But, sure, let's focus on...[checks notes]...making buses free?

This is what it's like to be ruled by children. 
[/quote]

Oh no! Did your favorite steakhouse close and now you have to pick from one of the remaining 7?  It must be really hard to be you now.[/quote]

This is just weird. So you're cool with an entire section of the city becoming a ghost town? And what happens to the city's budget when one of its main revenue sources dries up?[/quote]

You can hypothesize that all you want, but we've had surpluses for as long as I can remember.  Downtown isn't a ghost town except to fox news viewers, but that's your problem.[/quote]

Uh, what? Speaking of children. You're probably too young to know who Tony Williams is, and you certainly don't remember what D.C. was like before he was mayor, but here's Tony Williams saying the same thing: https://www.federalcitycouncil.org/wp-content/uploads/2022/11/Letter-to-CFO-Glen-Lee-on-Commercial-Property-Vulnerabilities-11.14.22-final.pdf[/quote]

And who are all the other co-signers? Commercial property owners, dealers, and developers. If you don’t take what they saw with an entire salt flat, please be in touch as I know of a Nigerian prince who desperately wants to make contact with you.[/quote]

Who do expect to sign such a letter? Do you think all the city's yoga instructors are going to get together to complain about collapsing commercial property values? You can stick your head in the sand if you like, but this is a major problem for the city's budget. Everyone is trying to get out of their downtown leases because the numbers don't work anymore. [/quote]

The DC metro area probably has more economists and policy analysts than anywhere else on earth. That none of them are signing off on this speaks volumes. Wake me up when you have some objective analysis. Screeds from lobbyists don’t count.[/quote]

Or you could just pick up a newspaper? Maybe read a little bit about things happening in our world? Try to educate yourself a little bit? [/quote]

Yeah, but those of us who actually live and work here don’t really need a bunch of developers or Rupert’s media to be trying to telling us that what we can see with our own eyes is not really true.[/quote]

[b]Property values go down when interest rates go up, and interest rates have skyrocketed. It's just math. Throw the work from home phenomenon on top of that, and real values downtown are headed for the dumpster. Taxes are assessed on values so that will bring tax receipts crashing down with it, which is going to be a big problem for the city[/b]. [/quote]

And yet when was the last time anyone in our government even addressed this? Our elected officials spend more time debating the names of high schools than what to do about downtown. We don't even have a JV government. We have the government equivalent of a pee wee football team. [/quote]

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