Staunton Hopes State Will Share Costs of Gateway Project - NBC29 WVIR Charlottesville, VA News, S...

Full story: NBC29 Charlottesville

Staunton is ready to take another big step toward the Gateway project, the largest development in its history, and the Queen City is hoping the state will help share in the cost.

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Whatever

Charlottesville, VA

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#1
Oct 25, 2012
 

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Will the state reap the dividends of this investment in the Gateway by way of increased taxes due to increased business activity?

Methinks no.
thinking free

Charlottesville, VA

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#2
Oct 25, 2012
 

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Not one penny of taxpayer money should be spent on any capitalist venture like this. If the private sector wants to invest? fine. The Omni in Cville went broke and the city taxpayers had to bail that out at the cost of millions. People need to stand up and learn how to say no.
heh

Charlottesville, VA

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#3
Oct 26, 2012
 
Whatever wrote:
Will the state reap the dividends of this investment in the Gateway by way of increased taxes due to increased business activity?
Methinks no.
The state will receive more revenue in taxes than if a business weren't there. Even building infrastructure necessary so housing developers can make money selling homes, will ultimately result in tax revenue on those purchases and annual property taxes.

The question should be is this the best use of taxpayer money. If so, then we can all say "I built that".

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