Costs of Marketplace are too high | PostIndependent.com
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Costs of Marketplace are too high

Dear Editor,

Something I hear from people who’d vote “yes” for the Marketplace is: “We need it, since the developer will pay a portion of the cost of improving Highway 133, and the increased sales tax revenue will pay for the rest.”

It isn’t that simple. Take CDOT’s lowest cost estimate for the entire 133 improvement ($36 million), and subtract the developer’s promised contribution ($2.8 million), then divide the balance by the projected sales tax revenue ($1.25 million per year).



This is how you figure how long we will pay for this project – over 30 years. This doesn’t factor in interest on the bond, or the loss of sales tax revenue from existing stores.

The developer wants us to view the highway improvement in stages, with the first stage costing $9 million. This sounds more palatable to voters. However, this limited improvement would not fix 133. It would make it worse, with no mechanism in place for funding future improvements.



I would like to see a development with smaller anchor stores which do not require four lanes, or a plan of developing this land in stages, so that our town has the increased revenue and the funding in place first. A “no” vote would help us find a sensible solution.

I, for one, would rather spend five minutes in traffic to drive 133 during rush hour than to spend 30 years paying for a quicker route.

Sincerely,

Kathryn Diamond Camp

Carbondale


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