I remember someone on here (forgot who, sorry) saying Legacy had only floated the possibility of housing, etc without committing to it. Anyway, the Strib said there was lots of interest in the property, so it’s not a foregone conclusion that the city’s property tax base takes a hit.
I think this deal blowing up is bad news for the city. The lost tax revenue will be paid for in property tax increases and budget cuts, and the city budget is nearing crisis levels. I wrote about why we need to rethink our approach a few days ago here: tcbmag.com/some-data-ce...