Keven Klopp, the Community Redevelopment Agency director suggests we initiate some Developer Welfare. I guess he thinks the poor developers need the city version of food stamps.
Developers are the folks who killed Florida’s economy and its jobs with their reckless speculation and over-development. Because of their greed WE are paying higher taxes and have lost almost half of our property values.
Because of them we are paying dearly and repeatedly for more roads, fire stations, police patrols, water-treatment plants and schools, and we are living with massive urban sprawl and traffic congestion.
But Keven wants us to use our tax money to give developers welfare. Never mind that there are currently scads of empty and foreclosed homes out there right now. We have a massive overabundance; a supply with no demand.
He wants the city to buy up properties in the CRA district and give them to Developers at a discount.
News flash here folks, developers don’t need help making money.
Look for a lot of those cute single family houses in the beach area to “develop” even more quickly into rows of empty townhouses and more empty condos if he gets his way.
And why would we do this? Why should I agree to spend my tax money to help a developer? I cannot imagine. Why would a city want to hurry the process of adding density to an already congested area? It will happen fast enough without the city’s help, and without our money, why rush it? You want things to look prettier? Why not give the CRA money to the people who need help with landscaping, or house painting, or remodeling their current homes.
Commissioner alert!!!! More housing DOES NOT increase tax money to the city! What little TIF money we will get will cost in the long run. Most residential housing turns out to be a financia1 burden. According to the Tischler report, a typical subdivision, where lot sizes average 75 by 125 feet, and prices range from $150,000 to $230,000, costs $1.53 for every $1 of revenue it generates. Tischler reports that apartment complexes cost $2.65 for every dollar of revenue they generated.
They report that the only residential land uses that cost less money for services than the revenue they generated were 5-acre ranchettes (57 cents spent for every dollar generated) and mobile home parks (75 cents spent for every dollar generated). Agriculture, commercial buildings and industrial sites also fared well in the fiscal and economic impact study, all costing significantly less money to service than the revenue they generate.
The city of Jacksonville did a similar study and found that new residential development costs taxpayers $2.45 for every $1.00 it generates in new taxes.
To really help the look of the CRA area (Federal Hwy. to the beach) and if you insist on spending the money, let’s turn the empty lots into nice little parks. The beach does not need more density.
If Keven really thinks the streets, which are the homes of working class families who can’t afford to water their grass, look bad, help them with a grant for xeriscaping, buy them plants that don’t need to be watered. Give them a grant to paint and fix up their homes. The city should be in the business of helping current residents and keeping spending DOWN.
More density means more services needed, our wells are already polluted with sea water from over-demand and we are spending millions digging new wells out west.
We need to help our small businesses succeed; we need to attract relocating businesses to our empty commercial and industrial sites, which will increase our tax base. We do NOT need more housing.