Yes, and here is MORE EVIDENCE of the FACT  the city DEM leaders, the mayor and his finance people are TOTAL IDIOTS, and TOTALLY INCOMPETENT


The city gets a LOAN (don't be confused by the newspaper saying grant as this is a LOAN to be paid back by the financially struggling taxpayers)



Total incompetence by the mayor and his finance staff and here is the math that proves it.    

The mayor applies for a whopping $3 MILLION dollar loan to be paid BY THE TAXPAYERs (remember, his rich cronies downtown do NOT pay taxes).

Some months ago, was it rpforpres that posted that at come council committee meeting it  was stated that the average house next door to a run down house is worth $7,000 less than if not next to a rundown house.

There are 80 houses that are going to be demolished.  

We could suppose that that number would mean 160 houses would gain 7,000 in value.   But the FACT is that not every demolished house has a house on each side.  So let's say half of the demolished property had a house next door to it.   That is 120 houses.

Now, let's do the math.

$   7,000  of value
x     120  houses
$ 840,000 increase in tax base  (but remember, thanks to downtown the city tax base has fallen by tens of millions)


So the tax rate for the city will be about $14 per thousand (i.e., divide $840,000 by 1,000).  

$   840
x $  14

$11,760    in additional tax revenue ANNUALLY  resulting from the demolition of thee houses


So why did I call this thread 255 years?   Because in order to pay back the principal alone on that $3 million LOAN, it would take 255 years at an extra annual revenue of $11,760.

OK, but we know the tax rate will increase over that time, especially with tax and spend DEM leaders.  So let's ballpark it as the pittance of additional revenue the city will gain from these demolitions will take 100 years to pay back the loan using that additional tax money.


If course, for the properties that do have pilots, watch them close up and move away, leaving empty buildings when they have to start paying taxes.   More reduction in the city's tax base coming.


Anyone who claims the city is in a renaissance care to comment?   ROFL, not a word.




Now, go ahead, print this, pass it along to friends (I'm doing that).     Can we all send it to the news media too, flood them and ask them to print this?   Nah, they won't, they'll go to the city first and the city will silence them.  But let's try

Yes, I don't know why the paper is celebrating Chuck sticking us with the bill for these properties. If any were to be demolished, it should have been done by some NFP at no additional cost to the taxpayer, shouldn't it have? Didn't Hillary come up with some sort of real grant that was diverted? I can't keep up.

Quoted from Madam X

Yes, I don't know why the paper is celebrating Chuck sticking us with the bill for these properties. If any were to be demolished, it should have been done by some NFP at no additional cost to the taxpayer, shouldn't it have? Didn't Hillary come up with some sort of real grant that was diverted? I can't keep up.

What kind of morons force people out of homes and take the properties, knowing full well they have no money to maintain or demolish them?

Quoted from Libertarian4life

What kind of morons force people out of homes and take the properties, knowing full well they have no money to maintain or demolish them?

Schenectady DEMS! More signs of moron renaissance. BTW, according to Mayor McCheese all the thousands of foreclosures are landlord properties. Meanwhile another gin mill Downtown that will not pay it's fair share. It's hilarious to read to praise of demolition of a former business that will now be another empty lot of Broadway. Businesses knocked
down-non profit building on the taxpayer dime and win chamber awards. Only in Schenectady County the cesspool of Upstate NY.

Quoted from Libertarian4life

What kind of morons force people out of homes and take the properties, knowing full well they have no money to maintain or demolish them?

From my own personal experience - some dont leave by force

when you see a vacant lot where a house once stood- when you see a boarded up house- well  that family moved on to a better life-

It is not a sad thing- honestly

Alva said it right- Schenectady was sliding downhill in the sixties. Thats why you see all the old PSA films pumping Schenectady up as it being  business hub like the silicon valley

Quoted from Sombody

From my own personal experience - some dont leave by force

when you see a vacant lot where a house once stood- when you see a boarded up house- well  that family moved on to a better life-

It is not a sad thing- honestly

Alva said it right- Schenectady was sliding downhill in the sixties. Thats why you see all the old PSA films pumping Schenectady up as it being  business hub like the silicon valley

and many of those vacant properties were once owned by slumlords!!!

be ready for even MORE.....from the slumlords!!!

and for the ones who just walked away 'for a better life'.............GOOD FOR THEM!!!!!!!