Submitted by Mr.T (not verified) on Wed, 10/24/2012 - 3:41pm.
The city sets the real property tax rate based on the current value of every property and adjusts tax rates annually based on the projected cost to operate the city. In your efforts to over state and examine every detail of stadium ownership both for this project and projects in every other city you seem to have developed some one tract thinking. I regret confusing you but most cities operate on covering projected cost which if passed the stadium will become part of.
DUH !!
The city sets the real property tax rate based on the current value of every property and adjusts tax rates annually based on the projected cost to operate the city. In your efforts to over state and examine every detail of stadium ownership both for this project and projects in every other city you seem to have developed some one tract thinking. I regret confusing you but most cities operate on covering projected cost which if passed the stadium will become part of.