Wow, More Tax Revenues
To the Editor:
I was interested to find out just how much the Town’s tax revenues would increase if the proposed distribution center/freight terminal was permitted to be built at Exit 9. After carefully culling the online field cards from the Tax Assessor’s office I calculated an increase of revenue of less than $300,000 or about 3 cents per day for every resident.
My analysis included a review of the various light industrial buildings in M zones and a discussion with the Tax Assessor.
Of course, we will never realize the 3 cents per resident per day because the facility could have close to 1,000 jobs for a 7 day, 3 shift operation, as well as the truckers who will be loading and unloading at the 76 truck bays.
We will have the additional costs for policing, firefighting, and emergency medical services. There will be the costs of maintaining local roads used by the long-haul trucks.
Then of course we will have to deal with the traffic problems that will naturally occur with this density.
It does not sound like a winning proposition.
I hope that you will come to the next public meeting on Thursday, May 5, at 7 pm at Edmond Town Hall to personally express your opinion on the P&Z application.
Editor’s Note: Tenancy for this property has not been announced, and according to the Newtown Assessor’s Office, additional personal property taxes will not be assessed and paid until a completed facility is occupied.