Comment by kiba
3 days ago
It would decrease land value since the park is no longer there. Tax revenue would decrease as quality of life decreases.
3 days ago
It would decrease land value since the park is no longer there. Tax revenue would decrease as quality of life decreases.
I think this assumes politicians who care about subjectives like quality of life, and who are able to think in long-term sustainable city finances instead of just maximizing what they can grab in current fiscal year. We don't have any such politicians in power in the US.