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West Side Development News & Discussion

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Viewing 15 posts - 31 through 45 (of 336 total)
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  • #368291

    Klablut
    Member

    Walker wrote >>

    cc wrote >>
    It would be great if COTA set up some shuttles from downtown/convention center/ Short North to Casino. Maybe eventually a street car down Broad.

    A Streetcar works best for shorter lines. Running over 6 miles from the CC down Broad Street might not be a good Streetcar route.
    Personally, I think it would make more sense to run a commuter rail line along the existing tracks from the Airport to the Convention Center to the West Side (tracks cross near Wilson & Broad and run behind the Delphi site).
    Penn said that they were willing to pony up a few hundred million for new highway off ramps at the Arena District site. Perhaps they can pony up some money to help connect their site to the rest of the city via rail?

    Personally, I am all for rail of any sort in Columbus. But to think that Penn would pay hundreds of millions for a line out to their casino from the CC when the casino was originally in walking distance in the Arena District is very hopeful thinking. Great idea for rail from the airport to the CC, especially if Cols. is serious about getting more conventions. Maybe some of the tax revenue raised by the casino could go into these things?

    #368292

    johnwirtz
    Participant

    Displaced Columbusite wrote >>
    I’m not sure that solves the issue that King Lincoln brought up, if a land speculator has enough cash they can sit on a distressed property in a valued area without doing anything and only pay the property taxes. That is the way that most real estate tax works (as far as I know at least) and people still sit on distressed property in the hopes that something in the area will happen and double their investment. I think we have seen some of this on the West Side already.

    I think it does. If the land is taxed the same regardless of what is built on it, it encourages the owner to use the land in the most productive way possible. Also, if the buildings aren’t taxed, the tax rate on the land will have to be much higher to be revenue-neutral with today’s system. The higher tax rate would discourage speculatively sitting on empty or underutilized land parcels. It could still happen of course, but it would be much more expensive to do so.

    #368293

    johnwirtz
    Participant

    ^To think about it another way, what if the owner of this parking lot had to pay the same property taxes as the owner of the hotel at the same intersection. Would a parking lot bring in enough revenue to cover the higher land value taxes? I’m not sure, but I would assume that it isn’t as much as a multi-story residential or commercial building. Seems like a strong incentive to develop the lot instead of keeping the property unimproved in order to keep taxes lower.

    #368294

    Twixlen
    Participant

    johnwirtz wrote >>
    ^To think about it another way, what if the owner of this parking lot had to pay the same property taxes as the owner of the hotel at the same intersection. Would a parking lot bring in enough revenue to cover the higher land value taxes? I’m not sure, but I would assume that it isn’t as much as a multi-story residential or commercial building. Seems like a strong incentive to develop the lot instead of keeping the property unimproved in order to keep taxes lower.

    This is great in theory – but sometimes you just need a parking lot. And if the owner of said parking lot is taxed at the same rate as a multi-story-tenant-rich building, what would he have to charge per space?

    I am all for some methodology that would keep owners of those “tax shelter” properties on the up and up and have them incentivized to fill their building. But it needs to be done without then punishing the property owners who are using their parcels/buildings in other ways.

    #368295

    johnwirtz
    Participant

    Who’s to say a downtown parking lot isn’t a “tax shelter?”

    Nevertheless, I don’t think the rate hike would be as dramatic or punishing as you are imagining. The taxes on a lot wouldn’t be raised to the existing level of the building. The two properties would meet somewhere in the middle of where they are now. The land value itself would change too, downward according to the Wikipedia article.

    #368296
    Walker Evans
    Walker Evans
    Keymaster

    Menards is losing interest in Westland
    Tuesday, May 25, 2010 2:52 AM
    BY MARK FERENCHIK
    THE COLUMBUS DISPATCH

    A Menards official said yesterday that it is doubtful the Wisconsin-based home-improvement chain will build a store at Westland Mall.

    “It’s highly unlikely at this point,” said Scott Collette, Menards’ chief operating officer, after a groundbreaking ceremony for the chain’s first Columbus store, at the site of the former Northland Mall.

    Menards continues to look at West Side properties, Collette said. “For us, it’s just a matter of finding the best location with the best economics for us,” he said.

    READ MORE: http://www.dispatch.com/live/content/local_news/stories/2010/05/25/menards-is-losing-interest-in-westland.html?sid=101

    #368297

    Twixlen
    Participant

    Fudge.

    #368298

    misskitty
    Participant

    johnwirtz wrote >>
    ^To think about it another way, what if the owner of this parking lot had to pay the same property taxes as the owner of the hotel at the same intersection. Would a parking lot bring in enough revenue to cover the higher land value taxes? I’m not sure, but I would assume that it isn’t as much as a multi-story residential or commercial building. Seems like a strong incentive to develop the lot instead of keeping the property unimproved in order to keep taxes lower.

    According to the auditors page the people that own that parking lot pay more taxes on that lot then one would think. They also pretty much own the whole block so I would think they pay their fair share most likly not a tax shelter. Now if you wanted to point out some of the run down parking lots that are in need of care that seem neglected I would say those could be and it’s a shame they don’t take care of them…

    #368299

    Columbusite
    Member

    Klablut wrote >>

    Walker wrote >>

    cc wrote >>
    It would be great if COTA set up some shuttles from downtown/convention center/ Short North to Casino. Maybe eventually a street car down Broad.

    A Streetcar works best for shorter lines. Running over 6 miles from the CC down Broad Street might not be a good Streetcar route.
    Personally, I think it would make more sense to run a commuter rail line along the existing tracks from the Airport to the Convention Center to the West Side (tracks cross near Wilson & Broad and run behind the Delphi site).
    Penn said that they were willing to pony up a few hundred million for new highway off ramps at the Arena District site. Perhaps they can pony up some money to help connect their site to the rest of the city via rail?

    Personally, I am all for rail of any sort in Columbus. But to think that Penn would pay hundreds of millions for a line out to their casino from the CC when the casino was originally in walking distance in the Arena District is very hopeful thinking. Great idea for rail from the airport to the CC, especially if Cols. is serious about getting more conventions. Maybe some of the tax revenue raised by the casino could go into these things?

    I’m sure they want to lure as much foot traffic from the convention center as possible. If they’re willing to pony up enough change, the city would likely help fund the rest. Maybe they’re discussing that already (any promising tidbits, Walker?). A streetcar route with more sporadic stops would be best for W Broad, since a commuter rail line would not help revitalize commercial structures and residential streets near the line. Stops would be a bit more frequent around a few built up urban corridors in Franklinton and Highland West (they’re each a handful of blocks at most) while much less so outside of these areas. I’d think a good deal more entrepreneurs would take W Broad more seriously with that kind of streetcar line carrying casino and convention traffic to and fro.

    #368300

    kcrissinger
    Member

    Twixlen wrote >>
    Fudge.

    +1

    #368301
    Walker Evans
    Walker Evans
    Keymaster

    Columbusite wrote >>
    I’m sure they want to lure as much foot traffic from the convention center as possible. If they’re willing to pony up enough change, the city would likely help fund the rest. Maybe they’re discussing that already (any promising tidbits, Walker?).

    I’ve heard nothing so far on what they’re willing to invest in.

    #368302
    Caleb
    Caleb
    Participant

    I have 2 questions.

    1) Are the owners of Westland Mall going to tear down the mall and rebuild it or just remodel it? NOTE: To people who wonder, the apartments behide the mall they are all going to be torn down all the way to the street that crosses I-270

    2) What is the township/city doing to redo Broad, Georgesville and the other roads around the casino to accomadate the cars?

    #368303
    Walker Evans
    Walker Evans
    Keymaster

    I don’t think I’ve heard any announcements on developments plans for Westland Mall as of yet.

    And aside from maybe some minor signal or lane reconfiguration, I don’t think a whole lot needs to be done to accommodate increased Casino traffic out there. I’m willing to bet that daily traffic usage is probably down a bit from just a decade or two ago when that area around Westland was a bit more vibrant with retail.

    I mean… Broad and Georgesville are both already 7 to 8 lanes wide at their intersection. Whenever I’m out there that feels extremely unnecessarily wide.

    #368304

    kessler
    Participant

    ^^^Walker’s statement is extremly accurate from someone who lives out here. First I’ve heard of them leveling the apartments behind Westland…however it really makes sense some have been boarded up.
    Yes the roads are wide enough to accomodate the casino at the moment. My biggest issue is turning left onto Georgesville from Broad headed west. That left turn arrow takes way toooo long to engage.

    #368305
    Caleb
    Caleb
    Participant

    kessler i agree with u and Walker. they could add some bike paths and maybe some street cars. (surely they will have the room) 7 to 8 lanes is a bit much. I would think they would hide the wiring underground and get nicer street lamps/ street signals. This hopefully will be a good revitalization project for the west side. Lets hope so :) Yes and that arrow is to long. I think ODOT or Praire Township needs to upgrade it and the broad street interchange with I-270 is a bit much. They could make it more simple.

Viewing 15 posts - 31 through 45 (of 336 total)

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