Corridor Question 2: Prime Real Estate

Question (from EMSI analysis of education corridor): Doesn’t building the education corridor on the waterfront remove prime real estate from the city’s property tax rolls? Wouldn’t we be better off allowing the mill site to be privately developed?

Answer: Yes and no. The project is envisioned as a mixed-use development. Only the property dedicated to education and public space would remain off property tax rolls, the rest could be developed to genrate property tax revenue.