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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Tax base? Nice racist dog whistle.[/quote]

Is Starbucks racist?  Are the multiple other businesses that have shuttered in DC racist?  The small businesses who can’t and won’t operate because folks avoid DC as it looks like a dump and feels unsafe?.

Businesses are a huge tax base.  Take your racist comment and look deep into the mirror.

[/quote]

Lots of businesses are also opening. People aren't going downtown as much.[b] I hope they turn those office buildings into apts or condos. [/b][/quote]

The problem with doing this is that offices pay more than 2x the property tax rate of condos. It's going to blow a big hole in the DC budget if lots of offices start flipping to condos. Residential RE is 85 cents per $100 assessed value, whereas a Class A office bldg is paying $1.89 per $100 of assessed value.

I think the Mayor and Council have not been too keen on changing the zoning for current offices. The tax issues are probably why. Once a bldg goes condo, there is no going back to office space.[/quote]

Aside from the tax base issue, it is far more expensive to turn most of those buildings into apartments.  It'd be cheaper to tear down and rebuild.  Conversion is being touted by people who just don't understand construction/architecture/engineering.[/quote]

True. Converting offices to condos would result in long, skinny apartments so that the residents can have access to natural light. A big square with no light shaft or interior courtyard is not suitable for housing.[/quote]

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