Quote:
Originally Posted by smArTaLlone
 Since TAD funds come from selling bonds, I'm not sure how the budget crisis would have any impact on them. |
Well, for one thing the bonds have to be paid off with tax revenues.
The other aspect of it is perhaps more subtle, but not insignificant in my opinion. City staff will see major cuts across the board, for instance. That can reduce planning staff, code enforcement staff, watershed and public works staff, legal staff, and just about everything else. There will be less for money for developing, acquiring and maintaining parks. Less money for sidewalks. Less money for police and fire services. Less money for trash pickup and disposal. Less money for paving streets. Higher water bills. Higher property tax bills. All of these things go to support of the Beltline and the areas around it.
And how does this decline in services affect overall public support for projects like the Beltline, which really only has a peripheral and very long term effect on much of the city? If you can't get your potholes fixed, don't have a park for miles around, can't get your trash picked up or a response about the rattle-trap house down the street, and don't have enough policemen, fireman, planners or solicitors, how interested will people be in a gentrification project across town?