Quote:
Originally Posted by Advogado
Think a little deeper.
First, where do your numbers come from?
Second, a higher County impact fee will be offset by lower property taxes. (The Daily Sun propaganda hides that fact.) The Costco financial analyst would consider all costs, including property taxes.
Third, for a company like Costco, building depreciation (the impact fee would depreciated, i.e., be written off and deducted over the life of the building) is a relatively minor part of total costs.
Don't rely on the Daily Sun for information affecting the Developer.
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My information comes from the 2019 Road Impact Fee Study and several websites giving 144,000 square feet as the average size of Costco store.
(Interesting: If you were not able to do that simple research and calculation, what exactly do you base your assertions on?)
Show me your/any analysis that shows a half million dollars in savings from from property taxes.
Third, are you kidding? If writing off the impact fee is relatively minor then let's just set it as $50M and cover the entire 25% right there? It won't be done because it isn't that "minor." It would be nice if the tax laws were really that simple but they aren't.