Letter: What about revenue from new developments?

[Regarding “Buncombe Inches Closer to a Property Tax Hike,” May 2, and “A Balancing Act: Asheville City Council Members Discuss Potential Property Tax Increase at CIBO Meeting,” May 7, both Xpress: ]

The City Council has OK’d an awful lot of developments in the past couple of years. And it continues.

I thought the idea was that there would be significant revenue from new developments. If managed correctly, revenue from those developments would prevent increased real estate taxes.

What happened?! Are the developers getting the money? Stockholders?

The way I see it, developers should pay Asheville substantially for permission to build in this area.

— Frances Burton
Asheville

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