Re:A Bay Area developer wants to build 4,400 homes where the...
by rajeshp1986 on Friday July 28, 2017 @04:10PM
(#14877139)
I don't know who is the genius who crunches such kind of numbers. Even though 4400 homes will only get $1 million in direct property taxes. There will be huge indirect economic boost that will happen because of the so many people that will stay. There will be new opportunities for the locals for employments & businesses. There will be lot of restaurants, shopping center etc that will cater to these residents. That will be more than building commercial properties and getting $9 million in property revenues.
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