Per last week’s story by reporter Jan Wondra about the results of the recent Greenwood Village City Council elections, The Villager and Councilmember Jerry Presley would like to clarify a reference to Presley’s earlier remarks on residential development in Greenwood Village.
Presley wrote a letter dated July 2, 2016 to Alberta Development Partners’ Founding Principal Don Provost primarily focused on multi-dwelling unit construction.
“I do not agree with adding any multi-dwelling unit construction, regardless of if it is owner-occupied or renter occupied,” the councilmember wrote to the developer.
The widely distributed letter, which was not directly referenced as a source in the original story, also included the following comments in the context of Presley’s objection to new higher-density multi-family homes in the city.
“Greenwood Village is currently about 50 percent single-family homes to multi-family homes. Residents consume far more services than they generate in revenue and commercial businesses generate far more revenue than they consume in services. Residents are net-cash consumers and businesses are net-cash contributors. As a matter of public policy, this is exactly as it should be. Residents should never subsidize business. It should always be the other way around.
“Every resident, whether a renter or owner, takes away from the pot and diminishes the available distribution (in the form of services) to other residents. From my perspective, every additional resident dilutes my share value because these additional shareholders are consuming services That means that I get fewer services or pay higher taxes. Further, if [multi-dwelling] residential is allowed in any [town-center] zone district, every square foot of residential is subtracted from potential commercial development. That goes against my best self-interest. I want to grow the tax base by favoring commercial development.”
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