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Old Posted Nov 29, 2016, 5:53 PM
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UPChicago UPChicago is offline
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Join Date: Apr 2013
Location: Chicago
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Quote:
Originally Posted by the urban politician View Post
That can be addressed by charging an initial assessment on property taxes for the purchase of the land. A one time surcharge rolled into the purchase price whose funds are dedicated to the cost of installing such infrastructure.

Creative minds can easily address this problem.
And how much would that assessment be to overcome the initial investment? How long would it take for the city to recoup its investment? Seems like a large developer would be most cost effective, maybe not the most organic or pleasant, though.
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