Just a response to this in general.
Here we go with the paranoid, "they will take all our lakefront away for the elite." Geneva has nearly 50 acres of lakefront. Of course some people want nothing to happen at all on the lakefront and maybe even wouldn't mind tearing down the entire downtown district because that's lakefront, too isn't it?
Okay, enough with the greedy dog mentality. We have a city with 60% off the tax roles, there is property where no one would loose their precious use or view of the lakefront AND still get some solid taxable property back. Sound interested or are you one of the "I don't care what you say" crowd that cannot be reasoned with no matter how well thought out the idea is. No solutions from those folks, just object to everything that is not their idea.
Does everyone know that there is a permanent easement along the entire lake shore that prohibits any development? So all these panicked links to folks losing access is complete BS in Geneva because they already thought of it and made sure it wouldn't happen.
the ramada will be making a $2.1 million tax payment
it is on about 5 acres of lakefront land
of the 50 acres of lakefront use the 30 acres closest to the state park for development
30 acres divided by 5 acres equals 6
if the ramada with 5 acres makes a $2.1 million payment on 5 acres then the city should be able to get about $12.6 million in taxes from the 30 acres developed each year
keep a 30 foot right of way for the walking trail along the lake
does it make sense to have a frisbee golf course on those 30 acres of lakefront and lose well over $12 million in taxes each year?
taxpayers will see a lower tax bill and the city could provide the taxpayers with a free state park pass each year (currently $65 per season)
with homeowners seeing a lower tax bill then that will encourage middle income familes to buy homes in the city rather than buying homes in the town
have the state park use a larger portion of the money from the increased park passes to improve the local state park - roads need repair, areas need to be mowed, repairs to the buildings...
the city would see more yearly sales tax revenue from the county with a higher taxable property with the development of the 30 acres of lakefront