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Concerned Wausau Resident's avatar

I would be interested in understanding more of the rationale behind the vote. Is the proposed subsidy substantially greater than the long-term tax revenue and economic benefit the development is expected to generate for the City of Wausau? If not, I can understand why some residents may be questioning the decision.

The city's financial challenges seem to stem from the need to increase revenue while managing expenses. A development such as this apartment complex would appear to expand the tax base and generate additional revenue, which could help address some of those concerns. What I'm unsure about is the magnitude of that impact and whether there are other factors that influenced the down votes.

Am I oversimplifying the issue, or is that a reasonable way to think about it?

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