For Businesses

If an extension of the Transportation Development District (TDD) passes, businesses will pay the price. They’ll have to pay new real estate assessments.

  • A real estate assessment of 48¢ per $100 of assessed value for commercial property within 1/3 mile of the streetcar for 25 years
Fair Market Value of Property Annual Assessment 25-year Obligation
$250,000 $384.00 $9,600.00
$500,000 $768.00 $19,200.00
$1,000,000 $1,536.00 $38,400.00
$5,000,000 $7,680.00 $192,000.00
$10,000,000 $15,360.00 $384,000.00
$50,000,000 $76,800.00 $1,920,000.00

 

The real estate assessment would be a blow to any company’s bottom line.

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