Downtown Parking Tax

[Novine]

In Detroit's case, the city doesn't have to rely solely on what revenue is generated by property taxes. The city actually brings in more from the city income tax than it does in property taxes. If reducing the property values on buildings leads to more office users downtown, that's more people paying the income tax, helping to offset the property taxes lost.

[Novine]

"Do we somehow risk incentivizing the demolition of buildings for the sake of surface parking with this approach?"

Not likely. Few private property owners are going to take on the cost of demolition. Only the city through Geo. Jackson's Demolition Agency have spent money on tearing down buildings.