Ypsi: Tax Revenues

Writing on his Common Monkeyflower blog, Richard Murphy makes a proposal that he describes as a starting point for discussion: Ypsilanti “should hand out $10,000 cash grants to people who purchase, fix up, and occupy vacant and foreclosed homes. Why? Because it’s a net fiscal gain for the city.” Murphy uses properties owned by Ypsilanti landlord David Kircher as a case study for this proposal. His conclusion: “Even if we’re only looking at tax revenues, the city can expect between a 10% and 40% annual return on this investment.” [Source]