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Plans to purchase land for a Dallas Convention Center hotel are moving forward, despite concern from some officials that the city is paying too much and may lose tax revenue if the land isn't properly assessed, according to the Dallas Morning News: http://www.dallasnews.com/sharedcontent/dws/news/localn...onhotel.1ba3383.html
The hotel will take up half the land; the rest will be sold to private developers, helping offset the land's cost.
This isn't an uncommon debate; but what's a more important consideration for a developer--property tax revenue potential, or price? Which factor should Dallas weigh more heavily when purchasing and dividing up the land for sale?
