I think this is great vision and has a ton of "sizzle" but where is the steak? If the City of Buffalo and Empire State Development is involved....where are the numbers or the plan to build this?
No more one-storey atrocities in parts of the downtown core.
While a very powerful end result...where is the plan? In fact, I would rather have started with some research into why there are so many parking lots first. I think we call all agree that those are worse then one-story buildings.
From what I have been told, the reason why there are so many parking lots is because of the taxes behind them. The reason why so many buildings have been torn down is because of the taxes. The tax code has a loop-hole for parking lots. Because the city taxes on what is built instead of what should be built, it makes it crystal clear why there are so many parking lots. It is the closest thing to printing money for the owners. Until this loop-hole changes, until it is more lucrative for buildings to be developed instead of taken down, we will never see the results in image #2.
Here is what I suggest.
Map out a downtown core. Say everything south of Tupper, West of Elmwood, East of Michigan and North of the 190. Take every city block and put a minimum build value on each. Just to make up a number...2-storys Next set a number of parking spaces for this area. Just to make up a number....2000. The last part of the plan is to determine how many square feet all of this development is. Just to make up a number....1million sq feet.
Now if someone wants to own a surface parking lot, they will either be taxed as if the lot had a 2-story building. If they want to remain as a parking structure, they will be taxed as if their lot had at least a 2 story ramp. They can remain a surface lot but they will not be taxed as a surface lot. That is the key.
In terms of new builds. For every story you build over 2, you get a correlating tax abatement. If this plan calls for a 30 story tower and you build 15, you still get some help but not as much as building out to 30. If you build over 30 you get more of a credit. The abatement's will only go until the sq foot number is reached. So their would be a race to build. My "loose" numbers calls for 1million sq feet.
In terms of parking structures. For every floor of a parking ramp you build over 2, you get a correlating tax abatement. The abatement's will only go until the number of parking spaces is reached. So their would be a race to build. My "loose" numbers calls for 2000 spaces.
You can not tell a property owner what they should build. You can however tax a property owner accordingly. You can encourage and reward a property owner to build. This is what I think the city should do.
Look at it this way, say all of this construction were to happen and every taxable dollar only returned 33 cents. Well when you add up all of those pennies it is much more then the dollars coming in from surface parking lots.
Oh yea...the last hurdle... The city needs to get the very few CONNECTED developers on board. This calls for Brown to get tough..... I doubt he has the backbone to do something like this.
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