Something the Dog Said wrote: So, in your opinion, since the property owners were sloppy with their market research and are charging greater lease rates than the market will bear, the taxpayer should bail them out? I don't think so.
I'm not asking for the taxpayer to bail out business- I'm asking for the local government to give them a tax holiday period- maybe a year or two. And to back off on all the requirements they pile on a new start up. This would mean that the government would have to get by on less, lord knows the residential taxpayer can not bear any more taxes than what are already coming their way, hell they can't even afford a bowl of chow mein for lunch these days.
The government can do this now- and help keep our exiting businesses and promote new ones- or they can wait a few more years and be forced to cut back due to lack of tax revenue. Now is the time to try before we lose more mom and pop businesses up here.
But maybe you think that's not a good idea- so tell me what you would do to help?
What's your bright idea?
I suppose you would just keep things as they are and watch the revenue disappear, one business at a time.
Then I'll be looking for investors on that strip club/breakfast burrito/pot store/truck stop, free lap dances for all my investors. We may need to include a bail bond/pawn shop in order to cover Obamacare though- I forgot to calculate that in the costs.
The government DOES NOT have the power to grant a "tax holiday" on property taxes. That is set in stone in the Colorado Constitution and can not be waived by the "government". As far as sales taxes, that does not go toward the business owner (and does not apply to services).
Those are simply collected by the business owner and passed through to the government. I believe that good businesses would do their homework and determine their market and rates. The taxpayer should not be on the hook because some businesses are not operated well. Supply and demand will determine the winners and losers, not government subsidies. Is that not what you have been preaching about the auto bailouts? Should Jeffco and Colorado taxpayers be on the hook because the developers of Town Center overpriced their development?
It is quite humorous to see the same posters who scream and curse about the stimulus package and auto bailouts are now demanding the same type of taxpayer subsidies for their businesses.
If anyone should be receiving tax holidays, it should be the taxpayers not poorly run businesses.
"Remember to always be yourself. Unless you can be batman. Then always be batman." Unknown
OK I understand now. Sorry if I asked a few questions that IMO is effecting small and big businesses in my area.
What was I thinking....... I should just try to help more people and open an Obama Church instead.
Freezeman wrote: OK I understand now. Sorry if I asked a few questions that IMO is effecting small and big businesses in my area.
What was I thinking....... I should just try to help more people and open an Obama Church instead.
Progress!!
What does Obama have to do with the inability to alter property taxes on commercial property. I pointed out that it is not possible for the legislature to change the assessment on commercial property due to the Gallagher amendment to the Colorado Constitution in 1982. It will take a majority of Colorado voters to alter this constitutional amendment to lower property taxes on commercial property.
"Remember to always be yourself. Unless you can be batman. Then always be batman." Unknown
Honestly, until building owners get the idea that every business owner is not made of gold they can peel off and give away, local businesses are going to have a hard time here. Know why the Old Safeway center has started to fill up? Because the new owner gets it. Same reason New Safeway has lost businesses that were actually doing well - they took their businesses out of the community because the landlord decided to be greedy.
You can make a profit and have your storefronts full. Even with the property tax as it is.
But until that time, you will find the trend is going to go ever more toward online business. The overhead is low to virtually non existent, you reach many more people online than you do in this corridor, your sales to costs ratio increases.
And while I still prefer a good wander through a store where I can see and touch the items if I wish, if it is more cost effective for me to buy that item online, I iwll. And I'm far from the only person doing that up here.
Actually, the rent at the new Safeway center was set by the bank who owned the loan - the old owner couldn't change the rents even if they wanted to. One of the realtors at the meeting said they figure it will take it going through yet another bankruptcy/foreclosure before it can be properly priced and managed. It's still sitting in foreclosure at the moment because there were no bidders during the last auction.
It sounds like the new property manager and current owners of the King Soopers center get it too; time will tell. If you've watched the video, one of the biggest complaints is the cost of water and that is a separate issue that also needs to be addressed. To address someone else's points, the Chamber of Commerce is actively involved in helping move things forward (hence a meeting like this to raise awareness, share ideas, etc. At some point in that video, Dawn Smith, the Chamber director asks what more the Chamber can do to help beyond what they are already doing). There is a lot that can be done to improve our area, and what's lacking most is manpower - we need a lot more active volunteers stepping up and getting involved. If you're interested in helping, in any way that utilizes your areas of expertise/passion, call Dawn. 303-838-5711. She is one of the most unselfish, hardest-working, genuine, caring, inspirational people I've ever had the pleasure of getting to know (it makes it hard to say no to her!) and she'll find a way to best utilize your skills!
LH, you make a good point about doing business online and maintaining a lower overhead. As much as I'd like to rent a small office up in Conifer, it would just be throwing money out the window. But, not all businesses have that option so we need to make it affordable and attractive to retain them. That way the whole community wins.
"Now, more than ever, the illusions of division threaten our very existence. We all know the truth: more connects us than separates us. But in times of crisis the wise build bridges, while the foolish build barriers. We must find a way to look after one another as if we were one single tribe.” -King T'Challa, Black Panther
The truth is incontrovertible. Malice may attack it. ignorance may deride it, but in the end, there it is. ~Winston Churchill