Laserfiche WebLink
<br />Homes Yield Higher Revenue <br /> <br />· 30 townhomes or 30,000 square feet of retail space would fit on 2.35 <br />acres on Block 1159. <br /> <br />· 30 townhomes appraised at an average of $112,000 minus a 20010 <br />homestead exemption would yield ~2,695,000 in taxable value. <br /> <br />· The 32,000 square foot retail center at 909 S. Broadway on 2.32 <br />acres with a superior location is appraised by HeAD at ,$525,000, <br />less than 200/0 of the value of the R!QPosed 30 town homes on <br />Block 1159. <br /> <br />· Tax revenue from townhomes will be more stable than a commercial <br />development whose stability depends on traffic counts and other <br />uncontrollable factors. <br />