The Rose City has just made the new AARP list of the five best places in the country to live (and retire):
European charm meets environmental nirvana in this environmentally progressive city. 50-plus residents love the miles of safe bike lanes and the revitalized Pearl District.
Comments (31)
"Progressive," sure, until all those retirees who have the "I already paid my share, so no more for the damn kids!" attitude show up and shoot down bond measure after bond measure.
This just goes to show the dramatic change for the better in the lives of America's retirees over the past 30 years. If enough of them can afford the ridiculous real estate prices in Portland to justify a recommendation from a national group, we can stop worrying about their well being.
umm Chris, most of the bike riders I see are during the morning and evening commutes going to and from their downtown office jobs and on the Springwater Trail on the weekends wearing spiffy cycling racing jerseys and shorts.
I do see the "alterno-hipsters," as you call them, too around town. But I find it kind of funny that I don't see hardly any of them on the Springwater when I'm running or biking.
Am I missing something? Most retirees don't work, work part time or work or take consulting jobs when they feel like it. Why would they live in Portland when they can save thousands of dollars in state income taxes by living in Vancouver,WA.? Aren't these people aware of the tax savings?
Another seldom discussed factor is that many federal gov't retirees (like most tier one PERS retirees) avoid Oregon taxes on pension income altogether (depending on when benefits accrued).
With no income tax, no sales tax and property tax rates fixed near the national median, Oregon must seem very attractive to gov't retirees.
""""Another seldom discussed factor is that many federal gov't retirees (like most tier one PERS retirees) avoid Oregon taxes on pension income altogether (depending on when benefits accrued).
With no income tax, no sales tax and property tax rates fixed near the national median, Oregon must seem very attractive to gov't retirees."""
Both PERS Tier 1 and Federal Retirees pay Oregon income taxes on their pensions. Federal retirees in the 90's got past paid taxes refunded to them as a result of a US Supreme Court case. PERS Tier 1 retirees get that part of their pension earned before 1991 increased to make up for the fact that it is now taxed.
“Why would they live in Portland?” For the same reason my family (and thousands of others) decided to; it’s a great town that’s been getting better and better. All those things that many people on this blog hate – walkability, density, public transit, bike paths, the growth boundary etc… - are the reason Portland keeps featuring on these lists and attracting more and more people that have a choice about where to live. I’d save at least $12k a year by living with Lars across the river, but would never do it.
As for biking, in my neighborhood it’s mostly white collar professionals in all the gear or hirsute males collecting cans. There are quite a few older folks biking at the weekend.
Chris: open your eyes. Most of the cyclists around Portland (the overwhelming majority, I would say) are AARP-eligible. Jack: I think in fact there are 51 or 52 people who like the Pearl. Dave A.: you may be astonished to learn that not everyone organizes his or her life around tax minimization. Some people actually think it's worth paying taxes to live in Portland rather than in SW Washington.
Maybe I missed something, but here is what the Oregon Dept of Revenue has to say on the matter:
Federal pension income. You may be able to subtract some or all of the pension income included in 2005 federal income. This includes benefits paid to the retiree or to the surviving spouse. The subtraction amount is based on the number of months of federal service before and after October 1, 1991. If all your months of federal service occurred before October 1, 1991, subtract your entire federal pension. If you have no months of service before October 1, 1991, you cannot subtract any federal pension. If your service was both before and after October 1, 1991, you will subtract a percentage of your pension income.
Interesting to see all the hilsys, Sherwoods and Allanses wetting themselves when anyone dares to criticize Portland's beloved new urbanist ideology. I bet you're all jumping for joy over the rampant malfeasance occurring at Cascade Station.
I really wouldn't care what Portland does except for the fact you have to drive through it to get to the other side of the river. That and the rest of the metro area is somewhat economically dependent on Portland proper -- of course that's happening less and less.
Moreover, the Sam Adams sycophants on this blog will never convince me Portland is full of bike riding sexagenarians. Anyone over 50 is usually biking somewhere beautiful, like Scholls or Hood River.
Can't we do something to stay off of these "Best Place to Live" lists? The one that was released in the late 70s was the kiss of death for Portland being a decent place to live. It's been downhill ever since....of course, that was when Goldschmuck was mayor, so I guess I shouldn't be surprised.
Wow Chris M., you sure read a whole lot into my comment that I didn't write. I just commented about what kinds of bicyclists I was seeing as compared to what you claimed to be seeing.
Care to comment on that?
Oh, and I see plenty of AARP-eligible, 50+ year-olds on the Springwater Trail on bikes and most of the times they are zooming past me. (I try, but I'm just not that fast on the bike). The city isn't "full of bike riding sexegenarians," but there sure does seem to be more and more of them every year.
I'm damn near 60 and commute by bike every day--and in pretty regular clothes, not the weird lycra stuff. I put in eight to 20 miles a day depending on how much I wander around after work.
Maybe the reason you don't see us AARP types on bikes is that we don't look that old.
"""""Maybe I missed something, but here is what the Oregon Dept of Revenue has to say on the matter:"""""
Pancho I stand corrected as to the Federal pensioners. I guess both Federal and PERS recipients get compensated for that part of their pension earned prior to 1991. Of course how many Federal pensioners know that and factor it into their decison to move somehwere is problematical.
What happened was I reacted to the "Governemnt employees don't pay taxes" declaration and missed that you had clarified that with the words "many" and "depending on when benefits accrued."
So for any of you who are confused. What Pancho said was some government employees effectively don't pay Oregon taxes if all of their pension comes from work done prior to 1991. Did I get that right?
European charm meets environmental nirvana in this environmentally progressive city.
i assume they're not talking about 82nd Avenue, the Superfund site, Willamette River pollution levels, nationally high-ranking traffic congestion, one of the least affordable housing markets in the nation, and the highest student-teacher ratio in the nation.
for starters.
and what does "European" mean? the IKEA out by the airport, perhaps?
by the way, Portland has one of the lowest levels of public transit use of all major cities on the west coast. almost 90% do not use public transit. Seattle and San Francisco both use public transit far more; LA is only a few percentage points behind us (10.5% vs. PDX's 13%).
bike commuters? almost 97% of Portlanders do not commute by bike. Phoenix, the city we love to hate has over three times the amount of bike lanes we do.
i love Portland. i live here. but magazine rankings that consist of a freelance writer taking a day walk around downtown Portland and writing about it is worthless at best, and at worst nearly immoral.
i really like vancouver. don't remember saying anything about it being a horrible place to live. just saying that increased driving miles increases your risk of getting into an accident and makes it harder to exercise.
just walking to work or for your daily errands is really great for your health. for retiring folks, its something to think about.
no reason you can't do that in vancouver, its just generally harder compared to say inner portland.
"And if they live in the Pearl, they probably are not even paying property taxes..."
Contrary to popular belief almost all if not all owners of property in the Pearl pay property taxes. The tax subsidies for the new buildings come mostly in the form of "free" roads,sewers and parks for the residents. Oh yes and an occasional Armory turned into a theater.
The one exception to that is mostly the tax freeze for rehabbing "historic" properties. For example turning an old warehouse into condo's. This scam uh tax incentive taxes the new condo's for 15 years as if they were still run down warehouse space. The owners still pay some property taxes just not very much.
The no property tax comments mostly concern the fact that the increased taxes from the district go to pay off bonds that fund the new streets and parks. Thus they are not available for the rest of us to use for our needed local improvement.
Contrary to popular belief almost all if not all owners of property in the Pearl pay property taxes. The tax subsidies for the new buildings come mostly in the form of "free" roads,sewers and parks for the residents.
Greg, you're way off. a significant portion of housing in the Pearl receives huge tax abatements, for many years. so, a lot of owners are paying a fraction of the property taxes the rest of of are. for example, see the taxes listed on this site:
several of them only pay a few hundred a year on half-million dollar condos--for many years to come.
watch the stampede when those abatements end, though. then watch the head scratching that follows, accompanied by "geez, i thought that was going to work."
Charamba, Douro 2008
Horse Heaven Hills, Cabernet 2010
Lorelle, Horse Heaven Hills Pinot Grigio 2011
Avignonesi, Montepulciano 2004
Lorelle, Willamette Valley Pinot Noir 2011
Villa Antinori, Toscana 2007
Mercedes Eguren, Cabernet Sauvignon 2009
Lorelle, Columbia Valley Cabernet 2011
Purple Moon, Merlot 2011
Purple Moon, Chardonnnay 2011
Abacela, Vintner's Blend No. 12
Opula Red Blend 2010
Liberte, Pinot Noir 2010
Chateau Ste. Michelle, Indian Wells Red Blend 2010
Woodbridge, Chardonnay 2011
King Estate, Pinot Noir 2011
Famille Perrin, Cotes du Rhone Villages 2010
Columbia Crest, Les Chevaux Red 2010
14 Hands, Hot to Trot White Blend
Familia Bianchi, Malbec 2009
Terrapin Cellars, Pinot Gris 2011
Columbia Crest, Walter Clore Private Reserve 2009
Campo Viejo, Rioja, Termpranillo 2010
Ravenswood, Cabernet Sauvignon 2009
Quinta das Amoras, Vinho Tinto 2010
Waterbrook, Reserve Merlot 2009
Lorelle, Horse Heaven Hills, Pinot Grigio 2011
Tarantas, Rose
Chateau Lajarre, Bordeaux 2009
La Vielle Ferme, Rose 2011
Benvolio, Pinot Grigio 2011
Nobilo Icon, Pinot Noir 2009
Lello, Douro Tinto 2009
Quinson Fils, Cotes de Provence Rose 2011
Anindor, Pinot Gris 2010
Buenas Ondas, Syrah Rose 2010
Les Fiefs d'Anglars, Malbec 2009
14 Hands, Pinot Gris 2011
Conundrum 2012
Condes de Albarei, Albariño 2011
Columbia Crest, Walter Clore Private Reserve 2007
Penelope Sanchez, Garnacha Syrah 2010
Canoe Ridge, Merlot 2007
Atalaya do Mar, Godello 2010
Vega Montan, Mencia
Benvolio, Pinot Grigio
Nobilo Icon, Pinot Noir, Marlborough 2009
Portuga, Rose 2011
Revelation, Chardonnay, Pays d'Oc 2010
Beaulieu, Cabernet, Rutherford 2005
Monte Alto, Tinto Reserva 2005
Chateau Ste. Michelle, Cabernet, Indian Wells 2009
Espiral, Vinho Rose
Vin-Koru, Pinot Gris 2011
14 Hands, Hot to Trot Red 2009
Rodney Strong, Cabernet, Sonoma 2009
Abacela, Vintner's Blend #11
Portuga, White 2010
La Bourgeoisie, Red 2009
Januik, Red 2009
Three Rivers, River's Red 2008
Kirkland, Alexander Valley Merlot 2008
Muga, Rioja Rose 2010
Quinta das Amoras, Vinho Tinto 2009
Mauro Molino, Barbera d'Alba 2009
Garda Chiaretto Rose
Columbia Crest, Two Vines Vineyard 10 White
Chateau Ste. Michelle, Pinot Gris, Columbia Valley 2009
L'Hortus, Rose de Saignee 2010
Maculan, Pino & Toi 2008
McKinley Springs, Bombing Range Red 2008
Trader Joe's Pinot Gris 2009
Montes Alpha, Cabernet 2007
Gran Sasso, Sangiovese, Terre di Chieti 2009
Garda, Classico Chiaretto Rose
Beaulieu, Cabernet, Rutherford 1999
Picos del Montgo, Tempranillo 2008
Chateau de Montmirail, Vacqueyras 2008
La Granja 360, Syrah 2009
Montgras, Carmenere Reserva 2009
Lange, Pinot Gris 2009
Columbia Crest, Horse Heaven Hills Cabernet 2008
Kirkland, Pinot Grigio 2010
Trader Joe's Coastal Syrah 2009
Columbia Crest, Horse Heaven Hills Merlot 2008
Trader Joe's Coastal Chardonnay 2009
Vieux Papes Red
Domaine de l'Aujardiere, Chardonnay 2009
Santa Rita, Cabernet, Medalla Real 2007
Penfold's, Koonunga Hill Shiraz Cabernet 2008
Guild, Red, Lot #02 2008
Dievole, Dievolino Sangiovese 2008
Laforet, Burgogne Chardonnay 2009
Columbia Winery, Merlot 2007
Bonterra, Cabernet 2008
Elk Cove, Pinot Gris 2009
Maquis Lien 2006
Scott Paul, Pinot Noir, Le Paulee 2007
The Occasional Book
Hope Larson - A Wrinkle in Time, the Graphic Novel
Rudyard Kipling - Kim
Peter Ames Carlin - Bruce
Fran Cannon Slayton - When the Whistle Blows
Neil Young - Waging Heavy Peace
Mark Bego - Aretha Franklin, the Queen of Soul (2012 ed.)
Jenny Lawson - Let's Pretend This Never Happened
J.D. Salinger - Franny and Zooey
Charles Dickens - A Christmas Carol
Timothy Egan - The Big Burn
Deborah Eisenberg - Transactions in a Foreign Currency
Kurt Vonnegut Jr. - Slaughterhouse Five
Kathryn Lance - Pandora's Genes
Cheryl Strayed - Wild
Fyodor Dostoyevsky - The Brothers Karamazov
Jack London - The House of Pride, and Other Tales of Hawaii
Jack Walker - The Extraordinary Rendition of Vincent Dellamaria
Colum McCann - Let the Great World Spin
Niccolò Machiavelli - The Prince
Harper Lee - To Kill a Mockingbird
Emma McLaughlin & Nicola Kraus - The Nanny Diaries
Brian Selznick - The Invention of Hugo Cabret
Sharon Creech - Walk Two Moons
Keith Richards - Life
F. Sionil Jose - Dusk
Natalie Babbitt - Tuck Everlasting
Justin Halpern - S#*t My Dad Says
Mark Herrmann - The Curmudgeon's Guide to Practicing Law
Barry Glassner - The Gospel of Food
Phil Stanford - The Peyton-Allan Files
Jesse Katz - The Opposite Field
Evelyn Waugh - Brideshead Revisited
J.K. Rowling - Harry Potter and the Sorcerer's Stone
David Sedaris - Holidays on Ice
Donald Miller - A Million Miles in a Thousand Years
Mitch Albom - Have a Little Faith
C.S. Lewis - The Magician's Nephew
F. Scott Fitzgerald - The Great Gatsby
William Shakespeare - A Midsummer Night's Dream
Ivan Doig - Bucking the Sun
Penda Diakité - I Lost My Tooth in Africa
Grace Lin - The Year of the Rat
Oscar Hijuelos - Mr. Ives' Christmas
Madeline L'Engle - A Wrinkle in Time
Steven Hart - The Last Three Miles
David Sedaris - Me Talk Pretty One Day
Karen Armstrong - The Spiral Staircase
Charles Larson - The Portland Murders
Adrian Wojnarowski - The Miracle of St. Anthony
William H. Colby - Long Goodbye
Steven D. Stark - Meet the Beatles
Phil Stanford - Portland Confidential
Rick Moody - Garden State
Jonathan Schwartz - All in Good Time
David Sedaris - Dress Your Family in Corduroy and Denim
Anthony Holden - Big Deal
Robert J. Spitzer - The Spirit of Leadership
James McManus - Positively Fifth Street
Jeff Noon - Vurt
Road Work
Miles run year to date: 29
At this date last year: 66
Total run in 2012: 129
In 2011: 113
In 2010: 125
In 2009: 67
In 2008: 28
In 2007: 113
In 2006: 100
In 2005: 149
In 2004: 204
In 2003: 269
Comments (31)
"Progressive," sure, until all those retirees who have the "I already paid my share, so no more for the damn kids!" attitude show up and shoot down bond measure after bond measure.
Posted by Dave J. | July 23, 2007 9:45 AM
This just goes to show the dramatic change for the better in the lives of America's retirees over the past 30 years. If enough of them can afford the ridiculous real estate prices in Portland to justify a recommendation from a national group, we can stop worrying about their well being.
Posted by John Fairplay | July 23, 2007 10:20 AM
Yeah right. Just how many senior citizens do you see riding bikes around Portland. How about zero?
Most of the Portland bike riders I see are young, tattooed, alterno-hipsters on their way to their next barista job.
Posted by chris McMullen | July 23, 2007 10:53 AM
umm Chris, most of the bike riders I see are during the morning and evening commutes going to and from their downtown office jobs and on the Springwater Trail on the weekends wearing spiffy cycling racing jerseys and shorts.
I do see the "alterno-hipsters," as you call them, too around town. But I find it kind of funny that I don't see hardly any of them on the Springwater when I'm running or biking.
Maybe you should get out more.
Posted by hilsy | July 23, 2007 11:17 AM
At the risk of getting booted (please bojack take it as the joke that I intend)....
Bojack aren't you part of the "50-plus" crowd?
Posted by hilsy | July 23, 2007 11:19 AM
I dispute the assertion that there are more than 50 people who like the Pearl District.
Posted by Jack Bog | July 23, 2007 11:21 AM
touche!
Posted by hilsy | July 23, 2007 11:23 AM
Am I missing something? Most retirees don't work, work part time or work or take consulting jobs when they feel like it. Why would they live in Portland when they can save thousands of dollars in state income taxes by living in Vancouver,WA.? Aren't these people aware of the tax savings?
Posted by Dave A. | July 23, 2007 11:52 AM
Another seldom discussed factor is that many federal gov't retirees (like most tier one PERS retirees) avoid Oregon taxes on pension income altogether (depending on when benefits accrued).
With no income tax, no sales tax and property tax rates fixed near the national median, Oregon must seem very attractive to gov't retirees.
Posted by PanchoPdx | July 23, 2007 11:53 AM
""""Another seldom discussed factor is that many federal gov't retirees (like most tier one PERS retirees) avoid Oregon taxes on pension income altogether (depending on when benefits accrued).
With no income tax, no sales tax and property tax rates fixed near the national median, Oregon must seem very attractive to gov't retirees."""
Both PERS Tier 1 and Federal Retirees pay Oregon income taxes on their pensions. Federal retirees in the 90's got past paid taxes refunded to them as a result of a US Supreme Court case. PERS Tier 1 retirees get that part of their pension earned before 1991 increased to make up for the fact that it is now taxed.
Greg C (PERS Retiree)
Posted by Greg C | July 23, 2007 12:38 PM
one problem with retiring in vancouver is the associated health risks and increased financial burdens created by living in a car oriented town.
it just about nullifies the benefits of no income tax.
Posted by george | July 23, 2007 1:11 PM
“Why would they live in Portland?” For the same reason my family (and thousands of others) decided to; it’s a great town that’s been getting better and better. All those things that many people on this blog hate – walkability, density, public transit, bike paths, the growth boundary etc… - are the reason Portland keeps featuring on these lists and attracting more and more people that have a choice about where to live. I’d save at least $12k a year by living with Lars across the river, but would never do it.
As for biking, in my neighborhood it’s mostly white collar professionals in all the gear or hirsute males collecting cans. There are quite a few older folks biking at the weekend.
Posted by Sherwood | July 23, 2007 1:12 PM
Chris: open your eyes. Most of the cyclists around Portland (the overwhelming majority, I would say) are AARP-eligible. Jack: I think in fact there are 51 or 52 people who like the Pearl. Dave A.: you may be astonished to learn that not everyone organizes his or her life around tax minimization. Some people actually think it's worth paying taxes to live in Portland rather than in SW Washington.
Posted by Allan L. | July 23, 2007 1:16 PM
Greg,
Maybe I missed something, but here is what the Oregon Dept of Revenue has to say on the matter:
Federal pension income. You may be able to subtract some or all of the pension income included in 2005 federal income. This includes benefits paid to the retiree or to the surviving spouse. The subtraction amount is based on the number of months of federal service before and after October 1, 1991. If all your months of federal service occurred before October 1, 1991, subtract your entire federal pension. If you have no months of service before October 1, 1991, you cannot subtract any federal pension. If your service was both before and after October 1, 1991, you will subtract a percentage of your pension income.
Posted by PanchoPdx | July 23, 2007 1:49 PM
Interesting to see all the hilsys, Sherwoods and Allanses wetting themselves when anyone dares to criticize Portland's beloved new urbanist ideology. I bet you're all jumping for joy over the rampant malfeasance occurring at Cascade Station.
I really wouldn't care what Portland does except for the fact you have to drive through it to get to the other side of the river. That and the rest of the metro area is somewhat economically dependent on Portland proper -- of course that's happening less and less.
Moreover, the Sam Adams sycophants on this blog will never convince me Portland is full of bike riding sexagenarians. Anyone over 50 is usually biking somewhere beautiful, like Scholls or Hood River.
Posted by Chris McMullen | July 23, 2007 1:53 PM
Dammit!
Can't we do something to stay off of these "Best Place to Live" lists? The one that was released in the late 70s was the kiss of death for Portland being a decent place to live. It's been downhill ever since....of course, that was when Goldschmuck was mayor, so I guess I shouldn't be surprised.
Posted by godfry | July 23, 2007 1:58 PM
Wow Chris M., you sure read a whole lot into my comment that I didn't write. I just commented about what kinds of bicyclists I was seeing as compared to what you claimed to be seeing.
Care to comment on that?
Oh, and I see plenty of AARP-eligible, 50+ year-olds on the Springwater Trail on bikes and most of the times they are zooming past me. (I try, but I'm just not that fast on the bike). The city isn't "full of bike riding sexegenarians," but there sure does seem to be more and more of them every year.
Posted by hilsy | July 23, 2007 2:08 PM
one problem with retiring in vancouver is the associated health risks and increased financial burdens created by living in a car oriented town.
The other problem with living in Vancouver is that you have to live in Vancouver.
Posted by Dave J. | July 23, 2007 2:19 PM
I really wouldn't care what Portland does except for the fact you have to drive through it to get to the other side of the river.
Chris, for goodness' sake, you could go around. We'd all be better off if you did, wouldn't we?
Posted by Allan L. | July 23, 2007 2:26 PM
I'm damn near 60 and commute by bike every day--and in pretty regular clothes, not the weird lycra stuff. I put in eight to 20 miles a day depending on how much I wander around after work.
Maybe the reason you don't see us AARP types on bikes is that we don't look that old.
Posted by Gil Johnson | July 23, 2007 3:27 PM
"""""Maybe I missed something, but here is what the Oregon Dept of Revenue has to say on the matter:"""""
Pancho I stand corrected as to the Federal pensioners. I guess both Federal and PERS recipients get compensated for that part of their pension earned prior to 1991. Of course how many Federal pensioners know that and factor it into their decison to move somehwere is problematical.
What happened was I reacted to the "Governemnt employees don't pay taxes" declaration and missed that you had clarified that with the words "many" and "depending on when benefits accrued."
So for any of you who are confused. What Pancho said was some government employees effectively don't pay Oregon taxes if all of their pension comes from work done prior to 1991. Did I get that right?
Greg C
Posted by Greg C | July 23, 2007 4:10 PM
To George & Allan L.: I guess Vancouver must be a horrible place to live given that it's rate of growth is about 5 times what Portland's is.
Posted by Dave A. | July 23, 2007 5:49 PM
European charm meets environmental nirvana in this environmentally progressive city.
i assume they're not talking about 82nd Avenue, the Superfund site, Willamette River pollution levels, nationally high-ranking traffic congestion, one of the least affordable housing markets in the nation, and the highest student-teacher ratio in the nation.
for starters.
and what does "European" mean? the IKEA out by the airport, perhaps?
by the way, Portland has one of the lowest levels of public transit use of all major cities on the west coast. almost 90% do not use public transit. Seattle and San Francisco both use public transit far more; LA is only a few percentage points behind us (10.5% vs. PDX's 13%).
bike commuters? almost 97% of Portlanders do not commute by bike. Phoenix, the city we love to hate has over three times the amount of bike lanes we do.
i love Portland. i live here. but magazine rankings that consist of a freelance writer taking a day walk around downtown Portland and writing about it is worthless at best, and at worst nearly immoral.
Posted by ecohuman.com | July 23, 2007 8:13 PM
i really like vancouver. don't remember saying anything about it being a horrible place to live. just saying that increased driving miles increases your risk of getting into an accident and makes it harder to exercise.
just walking to work or for your daily errands is really great for your health. for retiring folks, its something to think about.
no reason you can't do that in vancouver, its just generally harder compared to say inner portland.
Posted by george | July 23, 2007 10:37 PM
New city motto: Home of the Hipster-Geezer.
European charm? There is that one block in the Pearly Distract that wasn't demolished.
Posted by Bark Munster | July 23, 2007 11:41 PM
With no income tax, no sales tax and property tax rates fixed near the national median, Oregon must seem very attractive to gov't retirees.
And if they live in the Pearl, they probably are not even paying property taxes...
Posted by Jon | July 24, 2007 10:29 AM
ahhh yes. the old pearl. i personally liked it a lot when it was a pile of dirt and rubble....
http://www.retrojunk.com/details_commercial/1837/
Posted by george | July 24, 2007 3:38 PM
Some of the old Pearl area was awful. Not all of it was. But good and bad were all cleaned out together for the high-priced junk that's there now.
Posted by Jack Bog | July 24, 2007 3:40 PM
"And if they live in the Pearl, they probably are not even paying property taxes..."
Contrary to popular belief almost all if not all owners of property in the Pearl pay property taxes. The tax subsidies for the new buildings come mostly in the form of "free" roads,sewers and parks for the residents. Oh yes and an occasional Armory turned into a theater.
The one exception to that is mostly the tax freeze for rehabbing "historic" properties. For example turning an old warehouse into condo's. This scam uh tax incentive taxes the new condo's for 15 years as if they were still run down warehouse space. The owners still pay some property taxes just not very much.
The no property tax comments mostly concern the fact that the increased taxes from the district go to pay off bonds that fund the new streets and parks. Thus they are not available for the rest of us to use for our needed local improvement.
Greg C
Posted by Greg C | July 24, 2007 4:05 PM
Contrary to popular belief almost all if not all owners of property in the Pearl pay property taxes. The tax subsidies for the new buildings come mostly in the form of "free" roads,sewers and parks for the residents.
Greg, you're way off. a significant portion of housing in the Pearl receives huge tax abatements, for many years. so, a lot of owners are paying a fraction of the property taxes the rest of of are. for example, see the taxes listed on this site:
http://www.bpr.com/pearl-district-lofts-the-avenue-lofts.html
several of them only pay a few hundred a year on half-million dollar condos--for many years to come.
watch the stampede when those abatements end, though. then watch the head scratching that follows, accompanied by "geez, i thought that was going to work."
Posted by ecohuman.com | July 24, 2007 5:42 PM
...watch the stampede when those abatements end, though
What makes you think the Pearl condo market is going to hold up that long?
Posted by john rettig | July 24, 2007 11:22 PM