In light of reluctance to advance a concept for new City revenue in a "Livability levy," City Council on Monday has an opportunity to think more about the system of property tax exemptions.
On the agenda is a proposed renewal of an Enterprise Zone for E-commerce. But the Staff Report says, "There have been no E-commerce Zone
applicants between 2020 and the date of this resolution." This looks like real evidence the City doesn't need it!
Council should take the opportunity to think more critically about the benefits of these exemptions.
Also on the agenda is the quarterly business development report, and its vagueness and generality is also evidence that we don't think critically enough about the costs of inducements to new and existing business.
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When will the Enterprise Zone expire?
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The report, previously text only, now has photos and more snazzy design. It references instances of property tax revenue "once the...Enterprise Zone incentive has ended," but no indication that the exemption is definitely going to end. Businesses will sometimes create an expansion for a new round of exemption, churning things so they remain exempt.
An entry on a different business and set of incentives says
It is located on the newly-constructed Logistics Street SE. Logistics Street SE also provides new multi-use path connectivity through the centrally located 100 acres of wetland area.
But the whole Mill Creek Corporate Center area is utterly car-dependent, and "multi-use path connectivity" here is theoretical and Potemkin show, not anything in reality for real people.
The quarterly reports should be more analytically detailed and read less like the puffery of a press release. They don't actually have enough information for Council to think critically about trade-offs and about real success and real failure.