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View Diary: Hoboken: Why only three blocks were to be destroyed. (55 comments)

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  •  Totally agree on that last (0+ / 0-)

    Allowing sprawl is almost always a bad deal for taxpayers. I'll take your word for it that the deal on the brownfield could have happened without the tax break.

    But 375 units built be a good developer, creating a $70 m project that will continue to pay the base tax seems like a decent deal. (Greystar is generally good, both at building and at  managing.)

    Since most of the units are 1-BR, it is unlikely that there will be many children living there, so impact on schools is limited.

    Adding residents to Downtowns that are trying to revitalize with a Main Street program is generally a good strategy. It is certainly less likely to be a bad idea than building single-family homes on greenfields!

    I deal with redevelopments, brownfields, tax deals, etc. as part of my job. I am NOT a developer, I am a government planner trying to make better urban places happen.

    Didn't mean to get into the weeds, just could not resist, sorry!

    "Faced with the choice between changing one's mind and proving that there is no need to do so, almost everybody gets busy on the proof.” ― John Kenneth Galbraith

    by Urban Owl on Sun Jan 19, 2014 at 07:18:30 PM PST

    [ Parent ]

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