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Old Posted Oct 18, 2011, 2:15 AM
Highinthesky Highinthesky is offline
Beefeater
 
Join Date: Dec 2010
Location: London
Posts: 379
Hey Steveo

I think your feelings about the JLC are misinformed or misguided as the whole point of the JLC project was to spur revitalization of a part of DT that only 7 or 8 short years ago was a place you didn't want to walk at night. It has been a huge success.

Building the JLC wasn't about building a cash cow for the city in the form of the JLC. It was about turning a part of the core into a cash cow in terms of assessment base. If at the end of the lifespan of the JLC the city takes a small loss or breaks even it will still be miles ahead in terms of the millions in new property tax revenues from the massive increases in assessment base in that area. The latest report on the DT core from city planners says that the assessment base in the core has increased 15% since 2006, you will find much of that came from the JLC area.

More city driven initiatives like the JLC should be encouraged DT.
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