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Metropolitan DC Local Politics
Reply to "How many people are getting sick of Takoma Park's high taxes and city gov't spending the city into the ground?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Having learned nothing from the abysmal financial drain by the city for the Takoma Junction project, the city is embarking on an ambitious upzoning project to attract a luxury residential developer to build condos on the site of the Washington Adventist Hospital. First step is $60K spending by the city for planning a new streetscape along Maple Ave meant to make this project attractive to developers. [b]What are the chances this can succeed[/b] in a way that can pay back taxpayers for the "investment"? [/quote] 100% chance. Property taxes from the new condos will be more than $60K.[/quote] But that tax revenue, even if realized, will not all go to the City of Takoma Park. Meanwhile, that $60K is just the FIRST year of spending, to PLAN the new streetscape on Maple Ave. [/quote]
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