Curious what people think of forgiving property taxes to get new duplexes built on Kansas Avenue.
This is a pretty common thing, especially if the units are income restricted to create affordable housing, which I don't think these are going to be. Ark City did a housing survey and we pretty much need upgraded housing for all income levels as I recall.
The one thing about tax abatements that kind of sticks in your crawl, is where does the city get the money to keep up with the services needed to serve the property and the people living there?
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I thought the news story said duplexes? Even if they are rented out at first, couldn't they be sold separately? Like condos or Zero Lot line homes? Why would you suggest they are "apartments"?
Either way, if it brings builders it's probably a good thing. No taxes and No construction is useless. This way we can collect the base property taxes again PLUS 10% of the taxes on the improvements for 10 years. And at the end of 10 years, 100%. Or we can continue to collect 10% of NOTHING. Additionally, the city won't have to continue the expense maintaining the property (mow, clean...)
Where did it say "forgiving taxes" I see the city collecting taxes....albiet small amounts at first. Like anonymous @ 2:43 said we can collect something or NOTHING. Which do you want?
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