Sound off for Dec. 8, 2013
Fairfield’s City Council this week agreed to sell two downtown lots for $150,000 – taking a $600,000 loss from the purchase price nearly a decade ago.
Here are some comments on an article on the meeting where they agreed to sell:
- While nobody wants to lose money, consider this: An improved downtown will attract more visitors. More visitors means more money spent downtown. More money spent downtown means a bigger tax base. So in the long run, we will have more income. In conclusion, the real estate purchase might be a loss in the short term and a profit to the city tax coffers in the long run.
- Glad our leaders have our best interest. I hope people remember this when they go to the polls next time. What say we take it out of their salaries. Also so glad people voted for the tax increase that way our leaders can grant deals like this one while our roads and schools go to pot.
- Thank you to our elected officials for their concern for the taxpayers of the city. One former elected official stated to me one year that the city was one of the largest real estate holders in the city limits and this person did not think the city should be in that position. Good point.
Brad Stanhope is the Daily Republic's news editor. He began his career at the DR in the last millennium. He spent 17 years as a sports editor and three years as the associate editor before spending three years away from the newspaper (though continuing as a columnist). He returned in December 2010 as news editor. Brad lives in Suisun City with his wife, Mrs. Brad, and two sons. He enjoys cheese.