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Should we tax parking lots to pay for transit?

Home Forums General Columbus Discussion Transportation Should we tax parking lots to pay for transit?

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Viewing 8 posts - 16 through 23 (of 23 total)
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  • #531622
    Walker Evans
    Walker Evans
    Keymaster

    No fear mongering intended at all, so sorry if there was some confusion on that.

    Regardless, the urban core of Columbus is thriving in parts and on the upswing in others, so your scenario is high improbable.

    A more likely scenario is that transit continues to improve and Downtown continues to get even better, benefitting everyone in the entire region, even the far-flung exurbs.

    #531623

    pez
    Participant

    Walker said:
    The original article linked up top estimates that there are 73,000 surface lot spaces Downtown. An extra $5 per month per space = $4.3 million per year.

    That could make quite a dent in the annual operational costs of a Streetcar line.

    To serve a population that is already well served by existing public transit.

    #531624

    pez
    Participant

    Lu said:
    The best way to pay for streetcar/light rail that I’ve seen is to impose a modest tax on commercial properties immediately adjacent to the new line, through tax increment financing. Building a streetcar is a major gift to the adjacent property owners. They can expect to see significant increases in the value of their land and buildings, which is why developers lobby so hard to get the lines and stations built near their land. Why not have those developers help to pay for the line through a TIF? This model has been used successfully in DC and Dallas.

    The problem with taxing parking lots is it adds a financial burden to commuters who may not live or work anywhere near the new transit lines.

    +1

    #531625

    ToddAnders
    Blocked

    Let’s just tax everyone more for everything we all believe in; an extra $1/hour for everyone who thinks about riding the bus. This comes straight out of their wage.

    Or, make transit something that people want to pay for and can’t resist.

    Come on, Walker, make it happen. Do you love riding a crappy bus from your home to where you want to go?

    #531626
    Snarf
    Snarf
    Participant

    ToddAnders said:
    Let’s just tax everyone more for everything we all believe in; an extra $1/hour for everyone who thinks about riding the bus. This comes straight out of their wage.

    Or, make transit something that people want to pay for and can’t resist.

    Come on, Walker, make it happen. Do you love riding a crappy bus from your home to where you want to go?

    Heh…I’d just rather tax cigarette smokers an extra buck personally.

    #531628

    buckette13
    Member

    I think that it is a fine idea if the increase went to transit $ that actually helped the situation for those that it would affect the most – downtown office workers. As long as there is some kind of accountability. I am always concerned that giving money to some organization does not magically make it better.

    Another option of course would be for such money to be spent on some other form of downtown development. Business recruitment or small/medium loans for downtown start ups might be nice.

    Just properly appraising the value of the land might be enough of a fix. It is quite surprising how low the property taxes are for vacant lots especially in high value areas, that itself could be changed. In theory the use of property tax money has been well thought out and voted on. Instead of reinventing the wheel, maybe just fixing a few loop holes in the current tax structure would go a long way?

    I agree 100% that a decent chunk of a streetcar line should be funded by a TIF on the businesses along its route. That just seems to be fair.

    #531629

    mrmann
    Member

    buckette13 said:

    Just properly appraising the value of the land might be enough of a fix. It is quite surprising how low the property taxes are for vacant lots especially in high value areas, that itself could be changed. In theory the use of property tax money has been well thought out and voted on. Instead of reinventing the wheel, maybe just fixing a few loop holes in the current tax structure would go a long way?

    +1 The lot at 5th and High in the SN was appraised at a tax level of several hundred dollars a year but sold for $1,000,000. They need to look at how unimproved land is taxed in different areas of the city.

    #531631

    leftovers
    Member

    Interesting, if you read the article they suggest that it makes more sense then using sales tax to fund public transit.

    he (the governor) argues that it’s a mistake to continue funding transit with sales tax revenue — which should be directed to priorities like healthcare and education — and with unsustainable levels of debt

    Would it be possible to lessen or divert sales tax by having COTA funded by parking lot taxes? With current sales taxes, I think half a penny of every dollar spent goes to COTA. It does make sense that transportation should fund transportation.

Viewing 8 posts - 16 through 23 (of 23 total)

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