City Council Parkway Development Work Session 1-14-2025
Parkway neighborhood residential development project
Infrastructure financing alternatives
City fee forgiveness and trunk fees
Pay-as-you-go tax abatement concepts
Return on investment (ROI) analysis for development
Review of project proforma and financial projections
Phased development timeline and unit capacity
Full Document Analysis
Notable Quotes (2)
If you choose to provide assistance to the project that doing so would not unduly enrich the developer.
The risk here then is on the developer to do that... the city isn't making up the difference.
People (2)
Jason ArsalFinancial AdviserPresented financial alternatives for the Parkway neighborhood development project.
2 quotes
Presented financial alternatives for the Parkway neighborhood development project.
“The developer has to absorb all of those costs for infrastructure every last nickel of that... return on investment... is less than would be required to attract equity and debt.”
Justification for public assistance.
“We look at 75% of the taxes in an abatement... you have some collection of city taxes right away to deal with that increased service demand.”
Explaining the tax abatement proposal.
Unnamed MayorMayorPresided over the work session and queried the necessity of public financial intervention.
1 quote
Presided over the work session and queried the necessity of public financial intervention.
“The only liability we have is Services... I have no idea how much that costs.”
Questioning fiscal risk.
Places Mentioned
Events & Meetings (1)
- January 14th Work Session, Jon City Council