March 9, 2013

The Dollars and Sense of Revitalizing Our City

I invite citizens to read a new report from the City that, in my view, explains why we should keep moving forward on economic revitalization in Falls Church. A quick summary:  The mixed-use buildings that have gone up in the past dozen years are bringing in more than $2 million annually in net revenue, which keeps our property tax rate seven cents lower than if these buildings hadn’t happened, saving the average City homeowner about $400 each year. Plus, these buildings have brought us new gathering places, dining options, and shopping and service offerings that enhance our community — Mad Fox, Beadazzled, Moby Dick’s, Sweet Frog, Hoang’s, Cosi, Penzey’s Spices, Pizzeria Orso, Body Dynamics, and others.
A News-Press item on the report is at http://bit.ly/13Hcujn.
To read the report in full, and hear a discussion of it at Council’s March 4 work session, see http://bit.ly/ZoPtel

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