Lisa Wahlig Van Deman | Indy Week

Lisa Wahlig Van Deman 
Member since Jan 22, 2015


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Re: “New ArtsCenter, Kidzu center in Carrboro draws mixed reaction

In your article, you're missing the most critical piece of the financial model for this project! The $4.5m would be generated by the ArtCenter selling its current facility to a hotel development group - and it's the taxes generated from this hotel project that would provide the requested $4.5m over a 25 year period. The funds WOULD NOT be coming from citizens" property taxes! But additional tax revenue from the hotel could also go towards other civic improvements that everyone was bringing up - making it a double win for everyone! Remember the current ArtsCenter site is zoned for commercial development anyway. Seems like a great opportunity to me! Without the ArtsCenter selling its current facility, this NEW tax revenue won't exist - everyone's loss.

5 likes, 1 dislike
Posted by Lisa Wahlig Van Deman on 01/22/2015 at 12:40 PM

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