Word: cra
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...proposed order reflects what the CRA understood the wishes of the Council to be," Thompson says...
...hearings, the CRA and community groups have battled over five major issues: taxes, jobs, housing, traffic, and the credibility and public responsibility of the CRA...
...TAXES: Much debate revolves around the project's tax benefit for the city. CRA Executive Director Robert Rowland asserts that such revenue could mean $7.50 off the city's ever rising property tax rate. Others, though, contest the methods by which the CRA calculated the tax benefit. John Brode, Democratic City Committee Chairman, says that the Gladstone Associates used 100 per cent occupancy figures to estimate tax revenue but only 50 to 70 per cent occupancy to calculate city service costs. Thompson refuted Brode's charges...
...confusion, the city's Planning Department, commissioned by the Council to conduct an independent evaluation of the CRA proposal, says that Gladstone's tax figures are too conservative and underestimate the revenue the City will receive...
...have to make tax deals to attract developers which will erase much of the expected revenue. They also point to the $1.5 million in taxes that would have been collected over the past few years if the previous industries in Kendall Square had not been demolished. According to the CRA's Remer, the CRA cannot offer tax breaks to developers, although the City itself may decide...