Quote:
Originally Posted by Spring2008
That's what I'm talking 'bout!
I was thinking even if they took a few % points of the total property taxes of office towers in the core, and dedicated that to public realm and infrastructure projects in the city centre, how far that'd would go here!
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The overall idea at this point is a small slice of revenue from sources derived from within Centre City. There is $6 million in annual funding coming from general Transportation capital budgets, the other primary sources could be things like future parking revenue (from the parkades soon to be built by CPA), as well as a small % of property tax from a future increment. Developers will continue to contribute primarily through the density bonus regime.
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