Middletown's Worth $1 Billion?
Printed From: MiddletownUSA.com
Category: Middletown City Government
Forum Name: City Income and Property Tax
Forum Description: Discuss Tax issues, current, past and upcoming.
URL: http://www.middletownusa.com/forum/forum_posts.asp?TID=183
Printed Date: Nov 21 2024 at 1:43pm
Topic: Middletown's Worth $1 Billion?
Posted By: John Beagle
Subject: Middletown's Worth $1 Billion?
Date Posted: Sep 28 2007 at 2:29pm
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Middletown, Ohio has an assessed value of $1 Billion, and that value is declining according to this City Council Video: http://www.middletownusa.com/view_news.asp?a=2764 - Middletown is Worth a Billion Dollars!
Is this city really worth a billion? ------------- http://www.johnbeagle.com/" rel="nofollow - John Beagle Middletown USA News of, for and by the people of Middletown, Ohio. |
Replies:
Posted By: gemneye70
Date Posted: Mar 11 2008 at 12:39pm
Can we get an advance on that money?
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Posted By: John Beagle
Date Posted: Mar 11 2008 at 2:31pm
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It might be worth a billion dollars, but right now I doubt you could get more than a few million bucks. LOL
------------- http://www.johnbeagle.com/" rel="nofollow - John Beagle Middletown USA News of, for and by the people of Middletown, Ohio. |
Posted By: dkauffman
Date Posted: Mar 30 2009 at 1:32pm
| a bargain at half the price! lol |
Posted By: Mike_Presta
Date Posted: Mar 30 2009 at 5:31pm
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Middletown contains about 25.8 square miles (or about 16,512 acres) within its corporate limits. If it was worth $1 billion, that would average out to about $60,562 per acre. Are you asking if Middletown is worth $60.5K/acre??? Well, if someone were to bulldoze every last structure, big and small, more than a couple of years old within the city, remove the rubble and remediate all polluted or contaminated areas; And then rebuild all existing streets (including curbs, gutters and sidewalks) to modern standards with an all modern street lighting and signaling system (with properly timed signals--not the fuel-wasting set-up we presently use); And also rehabilitate the sewer systems (separating storm and sanitary) water, gas, telephone, electric distribution, and fiber optic systems, using all UNDERground systems; Then I’d say--YES!!!--it would be well worth $60+K per acre!!! Of course then there would be an organization truly “open for business” in charge, and they would NOT hamstring economic development, keeping new business OUT, to protect their little fiefdoms. And, or course, all of the above work would cost a few billion, so Middletown would then have to be worth upwards of $200,000 per acre AVERAGE, CITY-WIDE...and that's a different story!!!------------- “Mulligan said he ... doesn’t believe they necessarily make the return on investment necessary to keep funding them.” …The Middletown Journal, January 30, 2012 |