Not exact matches
Still,
increased traffic, how storm water would be diverted, the impact of the Park District facility on
nearby property values and whether residents want a new recreational facility at all were some of the concerns expressed by residents.
Cuomo's proposal, modeled after
nearby Massachusetts's successful Proposition 2 1/2, would limit
property - tax
increases to no more than 2 percent or 120 percent of the inflation rate, whichever is lower.
She said that following the first phase of the Second Avenue Subway construction,
property values
nearby increased, and she predicted the same for the neighborhoods surrounding the L.
Once they had filtered out other factors they found that each bike - sharing station in the neighbourhood lead to a $ 700
increase in
property values for the
nearby houses.
The EPA studied the program benefits and concluded that residential
property values
increased between two and three percent once a
nearby site was assessed or cleaned up.
Rebuilding your home can also
increase your
property value, particularly if
nearby homes have a higher value.
Rent control also splits owner opposition to the threat of expropriation by exempting commercial uses and houses in the jurisdiction by
increasing the value of their
properties, as does the spillover gains they capture from the reduced supply of rental housing
nearby.