Hagardy t1_j5mkgk2 wrote
Reply to comment by SemperFuu in Interesting opinion piece in Seven Days -- wondering how those in Burlington feel? by betcaro
I’m not sure there’s political motivation in any party to make it painful for land owners to leave prime real estate abandoned.
WinstonAtlas t1_j5nsdpf wrote
Land value tax would solve this.
SemperFuu t1_j5mlulp wrote
Not sure what ya mean?
Hagardy t1_j5mpelp wrote
We have a ton of prime real estate that is sitting vacant, like the old Boves, the YMCA, the gas station on Pearl, the transmission shop on North Winooski, the Koffee Kup building and more. It’s clearly better for these owners to use it as a tax write off than to sell or redevelop, and there’s zero political motivation to disincentivize this on any side of the spectrum.
SemperFuu t1_j5mqwfz wrote
Yuppers. How easily could they incentivize or make the means to change this
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