Those petitions limit the city's financing options. Even if the city were to NOT use property taxes, these petitions kill it.
They kill ALL financing options. Some very clever, such as tax incremental financing districts. This funding method places a cap on current property taxes in an area, anything over that cap pays for the stadium. Sort of a future gains payment method.
This petition doesn't just kill using tax dollars for the funding, it kills the stadium completely.
This stadium will bring jobs and development to downtown, which will lead to more jobs.
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