Quote:
Originally Posted by blenfest
Shucks, I guess I'm just doing the best I can with my JV team pedigree. Maybe you could school me on RE development in your spare time between posting.
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"Once the project is completed, its market value is expected to be $95.8 million. It is expected to generate $220.6 million in incremental tax revenues over 20 years and will represent an estimated $25.8 million net gain to the city and $12.3 million to the school district over those two decades."
This project is really expected to only be worth $95.8 million after costing 280.4 million to build?