[Question Liberal Authority]

It's a big problem. People setting vacant lots on fire. When the smoke clears, there's nothing but office buildings left.

Once that happens, the only place to play is the public swimming pool. But if that burns down, they're really in trouble.

[LomanBill]

>>there's nothing but office buildings left.

 

Yep - Empty ones...

 

I wonder if the same sheeple will get stuck holding the securitized bag for developing that Commercial Real Estate...

 

 

...as got stuck holding the bag full of securitized Sub-Prime A$$Paper that presumably helped build lots of these:

???

 

And they want to raise our water rates so they can build MORE of them?   

 

What wrong with that picture?  Is that how TABOR is supposed to work?  Hmmmm...

 

 

[LomanBill]

>>there's nothing but office buildings left.

 

Empty or not, they're still liable for property taxes.

 

This empty canary in the local coal mine, for example... which has never been occupied since completion:

 

 

Table	Use Code	2010 Market Value	2010 Assessed Value	Exempt
Land	OFFICES	872071	252900
Imp	OFFICE	7184817	2083600
	Total Value $	8056888	2336500

http://land.elpasoco.com/ScheduleDisplay.aspx?schd=6412402005

 

 

Wonder who's picking up / bailing out that tab?