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Originally Posted by trueviking
TIF is being used to build the public space, not as a specific grant to developers....remains to be seen if the rents/sales have a high enough premium at the forks to make the economics work....let's hope so.
for other residential development in the downtown, the TIF is their profit...without it the projects are not profitable....so is being at the forks worth $30-$40,000 more per unit than elsewhere downtown?...that's generally what the subsidy has been.
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Did Dcondo receive public money? SkyCity? Any general market condos recently?
Prices for units depends on location, fit and finish, features and amenities. Concrete construction, high ceilings, nice finishing's and appliances garner more money on the market.
TIF can be utilized but is not a profit center, shouldn't be anyway.