City's original Pro Forma calculates the following new revenue for Fiscal 2022 from the ballpark taxing district was going to be $3,715,858
- Ballpark taxes 147,167
- Parking Revenue 845,650
- Left Field Boutique hotel and retail taxes 313,060
- WG South Hotel, Apartments & Retail taxes 1,628,067
- Personal Property tax 11,526
- Use and occupancy tax 571,388
- Advertising 156,000
- 8 City revenue Events
Total $3,715,858
Scary how far we are off from these predictions.
In fiscal 2021 we only raised $391,000....
Comments
During the the warmer months head up to the field behind the Belmont Hill Elementary School shortly after school lets out. You'll see on the clock DPW workers throwing footballs around waiting for their shifts to end.
I believe that when all is said and done the City's decision to lure the team here
will turn out to be the third most important economic development engines in probably 50 years (Getting the UMass Medical School to be located here and the
146 connector project would be my top 2).
Ending up with the cost. They talk of reduced tax rates but increase values. And increase fees for every other lever they can pull. Incredible how this is continues and people think everything is ok.
Rcorns leases the land from Clark and Peppercorns built the building. Peppercorns is taxed on the value of the lease because it is an interest in real estate and the building because it is owned by Peppercorns.
If Clark built a university office building on their own land, no tax.
Clark is tax exempt, Peppercorns is not.
getting a free ride.
On the one hand, they benefit from the City's services (police, fire, EMS and DPW). On the other hand, having 35,000 college students in our City is a huge economic boom to our economy.
Some of our colleges and universities have made efforts to be good neighbors.
Clark basically rebuilt the whole neighborhood around their campus as part of the Gardner/ Kilby project. They funded a new boys club and athletic fields. It has made a huge impact to that part of the City. They also fund and run the University School that allows students in the neighborhood to attend Clark free of charge as long as they keep their grades up.
WPI played a huge part in the Gateway Biotech Park off of Grove Street.
M$PHS has rebuilt blocks of buildings downtown for their Worcester campus.
We all know what the Chan Medical School has done for our community.
I see Assumption and Holy Cross as being kind of leeches. If you start taxing them
it gives them a reason to jack up their tuition 18% per year. That would mean less college students would come to Worcester to attend school.
Taxing university endowments should be in the table,however.
I'm not sure if you know the story behind the Worcester Medical Center? They had planned to build it off of I-290 in Shrewsbury. The mayor at the time (Jordan Levy) had to beg them to locate Downtown.The site they built it on (across from the DCU Center) was basically a big pile of contaminated dirt. There still were a few businesses there , but the City took them by eminent domain The City cleaned it up and gave the land to the hospital. Unfortunatly, the complex was built with all the entrances located on the other side of the building away from Downtown. So the thousands of people visiting the hospital every day have no reason to venture into the Downtown. The hospital also has a food court which also minimizes any economic spin-off for Downtown. So when the Woosox owners say they wan't to help the Canal District thrive, they have kind of built the park to prevent that.