If the city’s tax receipts grow only at the rate of inflation, then they would be in trouble in 20 years time, but it is very unlikely that Poway will not grow and see property tax revenue increase at a much higher rate than inflation. Do you really think Poway will not see population growth, property improvements, and have effectively zero real estate appreciation over the next 20 years? That $11 million in tax revenue could easily be 5x bigger in 20 years.
I’m not arguing that this plan is wise, and I agree may not be an example of effective negotiation by the city. But the terms and expectations are not nearly as outrageous as they are being presented.[/quote]
This would be true IF PUSD territory was the way it was back 20 years ago, in 1992. At that time 4S, Santaluz, half of PQ, Torrey Highland, Del Sur, Santa Fe Valley, and Stonebridge were all empty. PUSD already did its massive growth. It is done.
Does PUSD have any other large plots of empty land out there? if so, where? I’m sure Bill Davidson would love to know about it. The guy is making plans to go into building custom homes because there is no more land for large scale development around the county. Do you know more than a veteran local builder?
The key here is after sucking up millions of MR from all of the above developments, the district still needed more cash. Unfortunately, there is no additional land for large scale housing developments within PUSD. so how do you get 5x bigger tax revenue?
Harvey, are you just the smartest guy in the world and everyone else are just retarded?
