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This topic contains 1259 replies, has 147 voices, and was last updated by bjones7 bjones7 2 weeks, 1 day ago.

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  • #370143
    Coremodels
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    ehill27 said:
    You gotta spend money to make money.

    I don’t disagree. I do, however, disagree with using tax dollars to purchase an arena that voters said they didn’t want to own in 1997 via a loophole that allows you to avoid another vote.

    #370144

    cheap
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    i wonder how many apartments could be built on the Arena site?

    #370145

    ehill27
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    Coremodels said:
    I don’t disagree. I do, however, disagree with using tax dollars to purchase an arena that voters said they didn’t want to own in 1997 via a loophole that allows you to avoid another vote.

    I feel ya.

    However, 1997 was a long time ago, and the issue changed from a potential economic development tool to protecting actual economic development.

    Voters also rejected casinos something like 6 times, until it was framed as a job creator in tough times.

    #370146
    Walker Evans
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    cheap said:
    i wonder how many apartments could be built on the Arena site?

    Would those apartments be as attractive without the Arena itself? The ones that are in that area now command a pretty high rent because of their proximity to a lot of amenities. Take away the Arena and you also take away plenty of the offshoot amenities (bars & restaurants that thrive on Arena traffic).

    How many apartments are going in around the Casino? Land is probably a lot cheaper over there compared to The Arena District.

    #370147

    I am 3
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    Walker said:
    Would those apartments be as attractive without the Arena itself? The ones that are in that area now command a pretty high rent because of their proximity to a lot of amenities. Take away the Arena and you also take away plenty of the offshoot amenities (bars & restaurants that thrive on Arena traffic).

    How many apartments are going in around the Casino? Land is probably a lot cheaper over there compared to The Arena District.

    I can think of far worse things than depressing the value of arena district/ short north properties- maybe a more economicly diverse group of people could afford to live and buy homes here then

    #370148
    Walker Evans
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    I am 3 said:
    I can think of far worse things than depressing the value of arena district/ short north properties- maybe a more economicly diverse group of people could afford to live and buy homes here then

    Why advocate depressing the value of one neighborhood when there are plenty of economically diverse neighborhoods within a stone’s throw?

    #370149

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    Walker said:
    Why advocate depressing the value of one neighborhood when there are plenty of economically diverse neighborhoods within a stone’s throw?

    Walker said:
    Why advocate depressing the value of one neighborhood when there are plenty of economically diverse neighborhoods within a stone’s throw?

    Because the public is subsidizing those high prices with tax dollars!

    #370150

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    Walker said:
    Why advocate depressing the value of one neighborhood when there are plenty of economically diverse neighborhoods within a stone’s throw?

    And more to the point- so blue jackets get public aid, thus causing everyone’s property value to rise, so the city can tax home owners more? That’s a one – two punch don’t you think?

    #370151

    local champion
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    I am 3 said:
    And more to the point- so blue jackets get public aid, thus causing everyone’s property value to rise, so the city can tax home owners more? That’s a one – two punch don’t you think?

    Complaining that you have to pay more property tax because your home value has risen is like complaining that you have to pay more in tax with your 500k job than you did with your 50k job.

    #370152

    BrianCW
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    local champion said:
    Complaining that you have to pay more property tax because your home value has risen is like complaining that you have to pay more in tax with your 500k job than you did with your 50k job.

    Not quite. Having a higher paying job puts more dollars in your pocket; paying higher taxes because of an increase in property value does not. You can only hope to realize those gains when you sell the house…and hope its at least for the value you pay taxes on…

    Anyways, as far as the 1, 2 punch of funding it with tax payer dollars and making people pay higher property taxes because of it, I ask:

    How many people are paying higher property taxes due to an appreciated home value as a result of the arena?

    Not many. I am sure there are some people close to the arena paying higher property tax, but most people in Columbus are not. The arena is not affecting home values in the ‘burbs and doesn’t affect most home values in the city. So I think it’s a moot point.

    As far as funding the arean through tax payer dollars…that’s a whole ‘nother can of worms. Nationwide Arena is a large lynch pin to the arena district and having it go under/not being used/not occupied by a team/buldozed/etc was and is not in the best interest of the downtown area and Columubs as a whole. But, using taxpayer dollars to “fix” the problem, I am not quite sure…

    Regardless, something had to be done and the City moved. The Arena and the Blue Jackets will continue to be downhere and, in the long run, that’s a huge plus for Columbus.

    If we could only make the playoffs again…

    #370153

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    local champion said:
    Complaining that you have to pay more property tax because your home value has risen is like complaining that you have to pay more in tax with your 500k job than you did with your 50k job.

    how am i complaining? I am simply stating that tax dollars are being used to keep property values high – that’s a fact

    #370154

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    BrianCW said:
    Not quite. Having a higher paying job puts more dollars in your pocket; paying higher taxes because of an increase in property value does not. You can only hope to realize those gains when you sell the house…and hope its at least for the value you pay taxes on…

    Anyways, as far as the 1, 2 punch of funding it with tax payer dollars and making people pay higher property taxes because of it, I ask:

    How many people are paying higher property taxes due to an appreciated home value as a result of the arena?

    Not many. I am sure there are some people close to the arena paying higher property tax, but most people in Columbus are not. The arena is not affecting home values in the ‘burbs and doesn’t affect most home values in the city. So I think it’s a moot point.

    As far as funding the arean through tax payer dollars…that’s a whole ‘nother can of worms. Nationwide Arena is a large lynch pin to the arena district and having it go under/not being used/not occupied by a team/buldozed/etc was and is not in the best interest of the downtown area and Columubs as a whole. But, using taxpayer dollars to “fix” the problem, I am not quite sure…

    Regardless, something had to be done and the City moved. The Arena and the Blue Jackets will continue to be downhere and, in the long run, that’s a huge plus for Columbus.

    If we could only make the playoffs again…

    short north was one of the few areas in the city that saw a virtual across the board increase in value – sponsored in part by Columbus public tax dollars buying the arena to improve the areas viability

    #370155
    DavidF
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    I am 3 said:
    short north was one of the few areas in the city that saw a virtual across the board increase in value – sponsored in part by Columbus public tax dollars buying the arena to improve the areas viability

    Actually, I’m sure the arena had little to nothing to do with short north property values rising. It’s a highly desirable area to live in as is. It has more to do with the development that has occurred within the short north, Italian Village, Victorian Village, etc. Similar to German Village. I owned a house there for 3 years and saw a 30% appreciation for no other reason than there was a large market demand with limited opportunities to buy.

    #370156
    Coremodels
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    ehill27 said:

    Voters also rejected casinos something like 6 times, until it was framed as a job creator in tough times.

    …and voted on.

    #370157

    misskitty
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    It is worth noting that Nationwide and the Other Property owners in the area (dispatch) essentially told the city to bend over and spread its cheeks. Without opposition, the city did so and found a grimy ass way of doing so by avoiding a public vote they knew they would lose. Yea nothing bad about that…
    I still do not think the Blue jackets would have ever left it was all about money and all the threats were to make people feel better about subsidizing a awful sports team with tax payers money. It’s was pretty obvious how bias the whole situation was and it pretty much made it clear just how our city operates.

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