Tag Archives: economic

The true cost of big box/franchise retail

Since the early 1980’s, our city forefathers in their flawed thinking have foregone long-term stable housing property tax revenue for larger, short-term tax revenue gains by approving franchise type drive-thru land uses (KFC, Burger King, Eckerds, Rite Aid, Jreck Subs, etc.) over the past ten to twenty years.  What has resulted in places like Butternut St. is a high crime corridor and declining real property values.  Was this trade-off worth it in the end?

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