1) You don't know what the taxes would be
the current city assessment is over $2 million for that property
if a developer spends a few million more dollars on improvements do you think the city will place the assessment at around only $50,000?
the assessment will exceed $2 million after a large amount of money is spent on improvements
the assessment will most likely double
2) Shouldn't rich properties pay their share
all properties should pay their fair share
3) Compare, if you can, 30 apartment dwellers following a normal daily routine to 200 event attendees arriving, or departing, within a small amount of time.
will those living in the apartments be allowed to have friends, family, guests... come over to visit?
HWS has large crowds