Author Topic: San Marco Publix Site Plan and Renderings  (Read 59180 times)

thelakelander

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Re: San Marco Publix Site Plan and Renderings
« Reply #255 on: January 18, 2019, 10:11:44 AM »
I'm not sure that would do anything other than hurt multiple development projects and potential investments across the city.
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Kerry

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Re: San Marco Publix Site Plan and Renderings
« Reply #256 on: January 18, 2019, 10:30:48 AM »
I'm not sure that would do anything other than hurt multiple development projects and potential investments across the city.

Ummm, not sure how to respond other than to say taxing the land and not what is built on it would open up a wave of development not seen in Jax since 1902.  Every vacant lot would be under development in 12 months.  People sitting on vacant lots couldn't afford to do nothing.  That would have to develop it or sell to someone who would.

It would probably solve the affordable housing problem within 5 years.
« Last Edit: January 18, 2019, 10:34:28 AM by Kerry »
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thelakelander

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Re: San Marco Publix Site Plan and Renderings
« Reply #257 on: January 18, 2019, 11:19:26 AM »
We already pay a property tax. Anything that isn't in alignment with market realities will only cause more harm. Simply raising the tax on land would not necessarily encourage development because there's only so much supply and demand out there. If a project isn't feasible under current conditions, adding to the financial burden of the property owner (in many cases, the property owner isn't the developer) isn't necessarily going to lead to redevelopment. You're more likely to shut down the growth you do have. There's also a social justice and equality issue (this solution would hurt the lower and middle class) that will likely end up with the city in court. All this for a freaking Publix on a specific site in San Marco sounds like overkill. Btw, if we want to solve the affordable housing problem, we should modify our zoning restrictions that stop market rate affordable housing developments from being viable.
« Last Edit: January 18, 2019, 11:23:09 AM by thelakelander »
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Kerry

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Re: San Marco Publix Site Plan and Renderings
« Reply #258 on: January 18, 2019, 12:04:21 PM »
The entire global urbanization community supports a land value tax.  That is how I found out about it.  Left-wing, right-wing, no-wing....it seems to be universaly accepted as the best way to urbanize cities and protect natural habitats.
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Kerry

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Re: San Marco Publix Site Plan and Renderings
« Reply #259 on: January 18, 2019, 12:16:02 PM »
Left Wing LVT video from Liberal Democrat Action on Land Tax and Economic Reform
https://www.youtube.com/watch?v=sTxyNQ0ea-k

Right Wing LVT video from Dominic Frisbey
https://www.youtube.com/watch?v=gD_dZvPwAj0

No Wing LVT video from StrongTowns
https://www.youtube.com/watch?v=ok2uR3btMrE
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thelakelander

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Re: San Marco Publix Site Plan and Renderings
« Reply #260 on: January 18, 2019, 12:35:46 PM »
A few videos doesn't mean things will necessarily be applicable to something locally that's highly questionable to be labeled a real problem.
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.” - Muhammad Ali

Kerry

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Re: San Marco Publix Site Plan and Renderings
« Reply #261 on: January 18, 2019, 12:52:27 PM »
Fine - just keep doing what we have been doing and hope for a different outcome.
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thelakelander

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Re: San Marco Publix Site Plan and Renderings
« Reply #262 on: January 18, 2019, 01:34:03 PM »
For a Publix in San Marco, on that site? Either Regency will develop it, it will sit empty or someone will buy it off them. By the same token, if that project fails there's other places Publix can go if they truly want to be in the area. I see no reason to change citywide policy to get a Publix to come to East San Marco.
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.” - Muhammad Ali

realestatejax

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Re: San Marco Publix Site Plan and Renderings
« Reply #263 on: January 18, 2019, 01:38:53 PM »
A land value tax would get this project moving.  Regency wouldn't be able to afford doing nothing.
No developer would ever do business again in Jacksonville.  Development is already risky and complicated enough.  Some times it works and some times it doesn't.  When it doesn't some sites linger until such time that it is feasible to develop.  By adding another level of risk you would run off every developer and nothing would get done. 

Kerry

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Re: San Marco Publix Site Plan and Renderings
« Reply #264 on: January 18, 2019, 02:20:58 PM »
I don't think you guys understand how a land value tax works.  If you don't know then educate yourself.  There is more than enough educational material out there.  Just Google "Land value tax"
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thelakelander

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Re: San Marco Publix Site Plan and Renderings
« Reply #265 on: January 18, 2019, 02:38:19 PM »
Those guys aren't sitting on the property for the sake of sitting on it. A land value tax assumes the city in thriving. All areas of Jacksonville aren't. Placing more tax burden on Regency to immediately put a Publix there doesn't mean that development happens faster. There are a lot of things at play that additional taxation won't resolve.
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.” - Muhammad Ali

Kerry

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Re: San Marco Publix Site Plan and Renderings
« Reply #266 on: January 18, 2019, 02:54:48 PM »
If Regency could build on the lot TAX FREE you don't think that would play into their equation?  It removes a huge part of the cost of development.  220 Riverside got built in large part to the property tax rebate for 10 years - imagine a permanent tax free structure.  Developers wouldn't be able to build fast enough because it would significantly reduce the cost to build and own.
« Last Edit: January 18, 2019, 02:57:40 PM by Kerry »
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thelakelander

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Re: San Marco Publix Site Plan and Renderings
« Reply #267 on: January 18, 2019, 03:08:14 PM »
You have to take things on a case-by-case basis. Property taxes aren't necessarily the issue that stand in between a grocery store happening with seven floors of concrete on top of it. That project and component has finally been scrapped. The current project is a completely different project with a different design and likely modification of the PUD. It hasn't been a year since the current project was announced. I wouldn't be too concerned about it at this point in time. As for a citywide tax abatement.....no way. We subsidize certain areas of town too much as is. That type of program should be reserved for economically struggling areas of town long ignored by the establishment in this city, not San Marco.
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.” - Muhammad Ali

Kerry

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Re: San Marco Publix Site Plan and Renderings
« Reply #268 on: January 18, 2019, 04:13:32 PM »
I'm really surprised you aren't a huge LVT supporter.  Oh well.
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Steve

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Re: San Marco Publix Site Plan and Renderings
« Reply #269 on: January 18, 2019, 05:01:09 PM »
Following this...I don’t see Jacksonville as a city where Property Taxes are a major source of angst. Maybe I’m wrong though.

Compared to other cities, our taxes are really low.