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libertymenu t1_j9tjc96 wrote

Reply to comment by gweased_pig in Manchester aldermen OK tax breaks for eight-story apartment building by BlackJesus420

Development has its own reward (profit). The city gets NOTHING additional by this deal. The people however, have to suffer a manipulated market. Distortions that make further development unhinged from the needs in the market. Economics 101.

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gweased_pig t1_jabf9g9 wrote

Pull yer head out. The city gets tax revenue on $700k value as it sits. Pass on that for 3 years to tax $30mil forever? I wish I could get that deal.

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