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General Urban Waterloo Updates and Rumours
#28
(10-29-2014, 08:44 PM)MacBerry Wrote:
(10-29-2014, 07:05 AM)Spokes Wrote: I still don't quite understand why we're ADDING surface lots uptown.  Seems backwards to me.

Three corporate/owner reasons:

1) Parking lots earn revenue

2) Better tax issues for a working piece of property than a vacant lot.

3) Land will still accrue value for a future building site (or part of a bigger building site)

1) The parking lots the city will set up will be free, zero revenue.

2) If this is a city owned lot, it does not benefit at all from any additional tax revenue.

I made my point earlier about why I can understand the move, but those two points are likely moot on the matter at hand.
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RE: General Urban Waterloo Updates and Rumours - by Viewfromthe42 - 10-30-2014, 08:55 AM

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