HomeMy WebLinkAboutItem #05 - Discussion ItemDowntown
property
Vl�.�'S ,��
"Thai's an interesting :
question
We're workin on it tin t now "
�� • ��
4.
d
Mr. Surana said. "We're lost t right
now."
T�
NliarniCityManagcrC&ArOdid
'
echoed him.
8V LINDA RCAF oura BEWFELD
"I'm concerned about the drop,"'
For the time in:at,least 20
Mr. Odio said, ")everyone wants
-
,first
Yew) propertY values. in Miami
more:services, which'we have,to
have dropped = about 4%. And
provide. And here we're dropping
downtownproperty values
revenues;."
pion!'.
Those are preliminary figures
He said city officials arc work -
ingonabudget nowsoit'stoosoon•
.
en the city s Management and
Dadcave
to ictwhere he'll make cuts.
tudgtDepartment by the
a commitment of no lay-unty
Property'Appraiser's Of -
offs so we'll have to'work around
�' ' Final numbers, expected in July,
that,„ Mr. Odio said. "That com-
mitmentstands."
generally.'don't,'changc'signi.,-
`The plunge lcd';Matth6w
raptly, said Manohar Surina, ct
budget'dirextor. lie said he didn�t.
Schwartz; dcvclo ent .authurit
director, to seek help t
MY" breakdown of where values
executive
the Greater, Miami Chamber of
dropped most, but`the decline is
pnmanly at commercial proper-
Commerce's weekend goals'con-'
`
-
ference.
tics
�,, Thosei,.numbers translate to a.
°•It's a cnsis situation," he'told
the
drop in value' of �2'70 million
group
:W Schwartz said Tuesday the'
Mown, 5420 trillion citywide.'city
depends on downtown's reve=
'
Tifr is that values will •fall
_ nues to provide services for the rest
att t = s`�prOP Y' net
of -the city. But- the development
IPP -14
t iittc:W;rra
authority, which' has the :goal'"of
"=
--
inerreasine downtown's tar.base..
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