As follow-up to the May 6th CivEnergy forum on Measure J, I published my personal reasons why I oppose Measure J as an article for the Davisite and as a comment to the Vanguard. Prompted by my list, Mayor Davis took the time to respond to all eleven (11) of my comments one-by-one. I thank Robb for doing so, and particularly thank him for the structured format he used to reply. This is the second in a series of articles on Nishi's financials in which I respond to Robb Davis's replies to me. The first article is here.
Matt: Nishi's cash contribution to City has shrunk 90% from $1.4 million down to $143,000.
Robb: Non-sequiter. Two very different projects, one with revenue from commercial activity, unsecured property tax, sales tax. I am not sure the point of this statement. It is less. It is a housing-only project.
Robb is correct that the revenues mix is different, with no unsecured property tax in this project The final EPS financial assessment of Nishi 2016 projected the unsecured property tax revenue at full-buildout at $9,000, which was one-half of one percent of the annual revenues … a rather minuscule difference.
The annual Sales Tax projection at full-buildout for Nishi 2016 was $286,000 as opposed to $198,000 for Nishi 2018, a difference of $88,000.









