Now is the time. The recession is over. Property values are rising and resident homeowners are protected by new lower homesteaded values.
Palm Coast, FL – November 13, 2013 – The City of Palm Coast wants to build a new city hall in Town Center. Two earlier attempts to gain support for the project failed. GoToby.com supports the city’s current plan.
The first attempt was to be funded by bonds and repaid by taxes. The planned construction was too expensive. It was too grandiose. And it was marketed with arrogance. Palm Coasters shot down that idea with a landslide “NO” vote.
The second attempt three years ago to rally support through a series of town hall meetings fell on deaf ears. It was poorly timed. It was the middle of the recession and the tax base was still shrinking. The plan lacked substance with no clear picture of where the money was coming from. It also had a $10 million price tag. Through a GoToby.com on-line poll at the time, over 73 percent of 431 respondents registered their lack of support.
I support the city’s latest initiative. Here’s why.
Most of us have chosen to own rather than rent our residence. It makes sense for the city to do so too. At the end of the month, the rent money is gone. If the city’s lease is extended, the city will have spent millions on rent with no residual value.
This time, I think the city has it right. The projected cost is lower, the funding sources are more clearly identified and the economy has turned the corner. Property values are rising and so too is the property tax base. Thanks to the recession, resident homeowners have locked in lower homestead values, limiting future tax increases.
City marketplace was a ghost town when the city first moved in. It’s now filling up with commercial tenants. The space occupied by the city is awkwardly configured for a city hall. It would best be utilized as commercial space. I’m sure the new landlord would rather rent the city’s present space to commercial tenants.
The new construction will create jobs and spur economic development. And a new city hall will make a good first impression on companies and individuals contemplating a move to Palm Coast or Flagler County.
I urge you to show your support.