Posted Apr 5, 2015, 7:37 PM
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Join Date: May 2007
Posts: 11,642
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Remediating the creosote, or at the very least preventing the existing creosote from migrating further will require a public subsidy no matter what.
Claiming residential development would pay for it is just another accounting exercise unless the city puts a levy on top of the normal property taxes for the area. Until there aren't development sites in the Beltline anymore I don't think it is honest to call new residential development induced and not just displaced/moved by Community Revitalization Zone neighbourhood infrastructure improvements.
Not that I don't like the East Village. I think it was totally worth it to spend public money on kickstarting a new neighbourhood with lots of public benefits.
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