4 comments

  1. Another great article, Alex! Always look forward to these recaps, they keep me informed on what’s going on in our town government, especially as a year round resident who’s also a student, I think it’s really great you’re doing this, keeping the residents informed. Big fan

    Liked by 1 person

  2. These proposals would be disastrous for progressivism in Amherst. UMass students will reside in Amherst regardless of how we vote, but we do have a say on where in Amherst they live. We can either…

    1) Force UMass to build tax-exempt dorms & apartments for 5,000 students; or
    2) Allow developers to build housing just outside campus limits.

    Option #1 is providing 5k students with tax-free housing. That is fiscal insanity. If we choose option #2, we can extract concessions from developers ($100,000 for upgrades to the public park, etc.). #2 also broadens our tax base, allowing us to fill potholes, afford teachers, and fund CRESS. UMass just released a report on the WMass housing crisis last week?

    What are we doing? Why would we permanently hobble our tax base?

    Liked by 1 person

    • Taxing the college kids who are already poor isn’t going to rescue Amherst from its financial concerns. Not all of them are in school on their parents’ money, and I suspect that those who live in university housing long-term are even less likely to be so.

      Even in tax-free housing, students contribute greatly to the Amherst economy.

      Liked by 1 person

  3. Khelil,

    This is not about taxing students; this is about taxing developers. I should have phrased it accordingly in my initial response, my apologies.

    When we insist that UMass build student housing, we are effectively providing a exemption to local property taxes to private developers.

    Two student-focused apartments, Fieldstone and Olympia Place, were recently constructed. They were both built by large, for-profit developers. They both have the same environmental and traffic impacts on the Amherst community. They’re alike in almost every way, except that Fieldstone is built about 300 feet inside the UMass perimeter, and Olympia Drive is built about 500 feet outside the UMass perimeter.

    Over their service lives (~70 years), Fieldstone will contribute $0 to Amherst, but Olympia Drive will contribute $22 million. That’s more than Amherst’s outlay for the Jones Library. In other words, the developers of Olympia will eventually pay the city MORE in property taxes than the property actually costs to construct. If Fieldstone had been constructed about 300 feet to the south, it would provide $3,590,000 annually in property taxes. It’s political malpractice that so few of our town councilors understand this dynamic.

    Furthermore, when larger projects are sited outside of the UMass borders, the town can negotiate concessions with the developers (ex: you need to include 20 units of low-income housing or contribute $200,000 to traffic improvements). We forfeit that right when the properties are located just a few meters away, on UMass’s property.

    Bottom line: When we insist that large developers build student housing within the confines of UMass, we are effectively exempting them from local property tax. We are giving them a multi-million dollar tax break, and we simply can’t afford to do that. We must instead line the perimeter of UMass with student housing, which will relieve pressure on the existing housing stock and contribute mightily to the tax base.

    Liked by 1 person

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