The Current development in Manchester

Richmond Mayor Levar Stoney seeks to offer a substantial tax break for The Current, a proposed multiuse project in Manchester.

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(9) comments

Brian King

Spread the tax relief to all homeowners in the areas being affected. Developers and owners of apartment buildings can raise rents to make up for tax increases. The working poor and fixed income residents of Blackwell and Manchester would need to get extra income from: a raise, better job, ??? It’s great seeing these formerly blighted areas revitalized, but there are still people living there that need some help. Otherwise they move to Chesterfield or eastern Henrico?


“City Hall needs a cohesive plan to foster a more equitable climate for housing.”

No. Trash collection, street lights, park maintenance, police, firefighters, these are the city’s obligations, not providing housing or ensuring someone’s definition of “housing equity” or “social justice.“ The abatement program (in general) is simple economics: a vacant or poorly maintained property brings in little tax revenue. Offer a tax incentive (i.e., not cash) for making improvements and the city’s tax revenues will increase —as will the beauty and livability of the city.

Melissa Peters

Abatement means that they're getting services they aren't paying for. I recall Comcast getting its knickers in a twist about people who were getting cable they weren't paying for.


Will Mayor Stoney ever run out of ideas on how to steer present or future tax dollars away from the public schools of the city?


Local, state, or federal: these days the function of the government, apparently, is to make the rich richer and the poor poorer. Used to be we just let impersonal economic forces do that.


I can see both sides of the incentive debate. But my question is...couldn't the City adopt a policy where if they incentivize any form of residential/mixed use development then the developer must set aside x-number of units at affordable rates?


It's actually pretty simple: developers bring jobs, investment, revenue and tax money. Poor people don't.


I don't read the column as an attack on developers or "rich people". The tax abatement program for development in impoverished areas (and Manchester is still within the official poverty zone) has been enormously successful, and there's no reason at all to cease it or make the previous mistake of watering it down. But the City can be mindful that many of its residents are on fixed incomes and offer them programs as well to pay their taxes or have portions of them abated. Its the "big middle"--the working class--that is feeling the squeeze of a growing economy that is accelerating the rise of housing costs. Sometimes, all ships do not rise with the tide; some ships take in water. We have to do our best to consider everyone's needs.

Melissa Peters

D.C., San Francisco, Silicon Valley being cases on point.

Welcome to the discussion.

Please keep it clean, turn off CAPS LOCK and don't threaten anyone. Be truthful, nice and proactive. Comments cannot be edited or deleted once posted. To flag a comment to the page administrator, click “report” next to that comment.

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