Politics Re: Tunnel Tax
Aren’t businesses along the viaduct going to be closed for several years during tunnel construction? They shouldn’t have to pay. They should be recompensated. And then, when their property values rise (if they’re still even around)—and their tax payments go up—they should just continue to pay into the general fund for the city at large.
Isn’t the whole point of Nickels’s tunnel plan to improve the city at large? If one of the benefits of a redevloped waterfront is increased property values…than the whole city should benefit from those tax revenues…so…other parts of the city can eventually see revitalization dollars too.
Rhetorical: Will the small business owners (who may lose their businesses) get to vote for or against the local improvement district plan? Or is it just a vote by the property owners?
Most important, haven’t we been told over and over again that Team Nickels has a financial plan in place to fund its tunnel? If so, why are we just now hearing about a potential plan to raise a quarter billion dollars for it?