Envisioning Downtown - PittsburghLIVE.com Piatt, who attended the breakfast with his father, Jack Piatt -- the founder and chairman of Millcraft -- called on O'Connor to offer tax incentives to people who want to buy apartments and condos Downtown.The trend to watch and guard against is to do things so that the super rich get rich while the poor get poorer. Making the rich rich isn't what government should be about.
They also want to see the city's 50 percent parking tax drastically reduced so people will come from out of town to shop in Piatt's building, which Lucas Piatt called a 'regional destination.' The building would contain 25 luxury condos, 20 roof-top townhouses, 50,000 square feet of retail space and 180,000 square feet of office space.
O'Connor pointed out the city's parking tax is scheduled to decrease in 2007, but he was hesitant to give up any real estate tax revenues that would help financially strapped Pittsburgh.
Rather, we should let marketplace forces come into play.
To build up downtown with housing that is subsidized is to only rob against the local tax payers in real neighborhoods who are asked to carry their load too. And, to pull people out of non-subsidized houses in other parts of the city or in other parts of downtown.
People live downtown now. That's great. I have no problem with downtown living. We can do more there, for sure. But, downtown lofts, condos, apartments and other options need to come along and pull their own weight -- without the subsidization.
Once we subsidize one project -- we bribe them to come here. And, then we'll never get another project without a tax break as well. So, don't do any tax breaks.
They want to do a Tax Break (TIF) in Mt. Lebo for a new housing project. That is wrong too.
This is what I mean by the campaign song on the campaign CD -- "Lay The Shovel Down." The first thing I'll try to do on city council is to stop digging in the hole of debt and dispair. We need to stop these wrong-headed projects.