Federal Power Vs. Local Tax Revenues

City tax revenues may be compromised for federal courthouse.

A developer has proposed a 31 story condo tower in Downtown Norfolk, spreading the city's renaissance northward from the core. With the developer having already begun site work, land acquisition, and condo sales, the GSA has informed the city they are interested in the land for a new federal courthouse.

A central core city would lose $3 million dollars in tax revenue for schools, roads, and social services to an untaxable federal courthouse which has had an option on the land for 10 years without acting, and waited until development of the project began to claim their sudden interest.

Thanks to Michael Hartsough

Full Story: Feds Hover Over Granby Tower Site

Comments

building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25

Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $25.
AICP CTP Storefont Display

The first online AICP* CTP exam prep class

Are you ready to take the AICP* Certified Transportation Planner exam?
Priced at $245 for May exam!