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To continue with what Joshua Vincent was saying on Friday, July 28, 2017, the Hilton hotel in Hartford was demolished in 1990. The property owners still own the land, and every five years, they put out a press release saying, "Something exciting will happen . . ." Meanwhile, it remains a parking lot. The land is worth $2.7 million, according to the city, and pays $193,000 in taxes. With a land-only property tax, the tax bill would be $1.01 million, and residents and businesses could pay less.
Fifteen to twenty days of parking lot revenue pays the tax bill. If they built a $50 million dollar hotel, they'd get a $4.5 milllion dollar annual tax bill, so the hotel doesn't get bill. Increasing the holding costs of land incentivized use.
The state of Connecticut is heading for insolvency. General Electric went to Massachusetts, and its high-income executives went, too.
Education is in place for LVT in Hartford, Connecticut. CSE signs a contract with the city on August 10, 2017. There's a multimedia presentation by CSE (the Center for the Study of Economics) with the Hartford Courant.
To be continued.
Fifteen to twenty days of parking lot revenue pays the tax bill. If they built a $50 million dollar hotel, they'd get a $4.5 milllion dollar annual tax bill, so the hotel doesn't get bill. Increasing the holding costs of land incentivized use.
The state of Connecticut is heading for insolvency. General Electric went to Massachusetts, and its high-income executives went, too.
Education is in place for LVT in Hartford, Connecticut. CSE signs a contract with the city on August 10, 2017. There's a multimedia presentation by CSE (the Center for the Study of Economics) with the Hartford Courant.
To be continued.
