Killington Forward hearing draws a crowd

[Guy in Shorts]

The current paid parking rarely fills up, so to me that makes it unlikely that it would be expanded to cover more of the K1 lot. Stratton didn't make the sun bowl paid when they built their village.

Took photos of Bay 2 paid parking at 10AM this past holiday Sat/Sun Holiday weekend. Parking was 2/3 full both days with some cars still pulling in at this time. Room for maybe 50 more cars. The parking contractor is doing a good job running the paid bays.

Saturday Bay 2

IMG_2618.jpg (369.22 KiB) Viewed 895 times

Sunday Bay 2

IMG_2636.jpg (307.48 KiB) Viewed 895 times

[snoloco]

Did you account for the middle row? I don't see any cars in it. 2/3 full is a ridiculously poor use of space when the other lots are full. The market has spoken. There are many customers who could afford the 35 dollars but don't buy.

[asher2789]

the end story is that CAPITALISM itself is a failure and leads to the scalping of essential resources especially housing. i dont see socialist countries with homeless problems. there is no market solution that is the point i have been making all along. if we're gonna have a government taxing the ever loving sh*t out of us for its wars of aggression to provide kickbacks to military contractors, the very least they could be doing is providing housing, healthcare and education. investors ARE NOT entitled to guaranteed profits where housing prices always must go up.

I notice you not only still choose to live in a capitalist country, but in an evil capitalist playground resort area.

Here's the first pie chart of the federal budget I found, military spending is 16% of the budget, not exactly "taxing the ever loving sh*t out of us for its wars of aggression "

i am COERCED to live under capitalism, thats the f*** problem. not the point you think youre making. i forgot, only rich people are allowed to live in vermont, and only as their playground for vacation. nobody else is allowed to live here. forget about the workers, actually f*** them lets just replace them with robots. mind you, i moved here because i couldnt afford where i was born. my mom is still there, and her rent for next year is going up 108%! yeah, you read that right, it will more than double. I LOVE CAPITALISM ITS SO FREE I FEEL SO FREE IM NOT ENSLAVED AT ALL!

go look at discretionary spending instead of finding pie charts to fit your bias. https://www.cbo.gov/publication/58269 nearly half of the discretionary spending budget goes to offense. i refuse to call it defense.

In 2019, the militarized budget amounted to 64.5 percent of discretionary spending.

U.S. military spending, traditionally defined, was $730 billion in 2019. Studies that seek to define a “national security” budget – which includes the military, and also veterans’ affairs, homeland security, and similar expenses – can easily arrive at estimates approaching or exceeding $1 trillion per year. That amount approaches the size of the entire U.S. discretionary budget.

This report defines a different, but related, concept: the militarized budget. In recognition that the U.S. maintains both the world’s highest military spending, and one of its highest incarceration rates, the militarized budget includes the traditional military budget, as well as spending on veterans’ affairs, homeland security, incarceration, law enforcement, immigration enforcement, and the still-ongoing war on drugs.

wow, im feeling so free. freest country in the world. so free. never been freer!

[asher2789]

Since we are so inhumane throwing money at homeless and immigrants, you should move to socialist Russia where their homeless are thrown on the front lines in Ukraine.

Alternately, maybe Bernie is offering six figures to clean the toilets in one of his houses he owns from making millions defaming capitalism in speeches and books.

The VT legislature introduced a new 2nd homeowner surcharge tax this session, and has supermajority to Scott's veto. When they tried to find another state doing such, they couldnt find any. Sounds like your politics are well represented in Montpelier. That would be great for the village sales. "Here is your 30k condo tax bill plus an extra flatlander surcharge for the privilege of you funding schools in our other towns you'll never visit." Oh and if you rent your place out we will look at your out of state income to confiscate 10% income tax on your VT rental income, on top of the 10% rooms and meals tax and real estate transfer tax.

Measured over years, the state of VT would be the biggest beneficiary of the village before great gulf or Powdr or the town.

f*** moron, the USSR fell the same year i was born. russia is a capitalist country and has been so for almost 34 years.

and if you dont wanna pay the taxes then go to NH and let the door hit you on the way out.

[GMCrra]

Russia is state capitalism, that works best for oligarchs and the connected. The min wage is $8/hr.

VT and Vermonters chose a tourism based economy, through the many policies from zoning, housing regulation, taxation. This is decades in the making, and would take decades to change paths. Hard when you are the 2nd least populated state in the union.

If cheap housing is your thing move to rural Indiana or louisiana. Your state doesn't want cheap housing, business parks or jobs. They want quaintness, forests, lakes and ski mountains from which to extract money from tourists in more affluent states. That to me seems just as rent-seeking as the investors and tourists you love to hate.

I'm an 8th generation Vermonter but I left for greener pastures, and own a 2nd home here. You are free to do the same, or you can continue being a loudmouth Karen that people will ignore.

[daytripper]

It must really suck to be Asher.

[Mister Moose]

the militarized budget includes the traditional military budget, as well as spending on veterans’ affairs, homeland security, incarceration, law enforcement, immigration enforcement, and the still-ongoing war on drugs.

OK, then. I'm going to include skiing under "medically necessary exercise" with my employer, and "chocolate" as a vitamin, and spend my summer complaining to the residents of the Hamptons that I can't afford to live there.

[newpylong1]

Since we are so inhumane throwing money at homeless and immigrants, you should move to socialist Russia where their homeless are thrown on the front lines in Ukraine.

Alternately, maybe Bernie is offering six figures to clean the toilets in one of his houses he owns from making millions defaming capitalism in speeches and books.

The VT legislature introduced a new 2nd homeowner surcharge tax this session, and has supermajority to Scott's veto. When they tried to find another state doing such, they couldnt find any. Sounds like your politics are well represented in Montpelier. That would be great for the village sales. "Here is your 30k condo tax bill plus an extra flatlander surcharge for the privilege of you funding schools in our other towns you'll never visit." Oh and if you rent your place out we will look at your out of state income to confiscate 10% income tax on your VT rental income, on top of the 10% rooms and meals tax and real estate transfer tax.

Measured over years, the state of VT would be the biggest beneficiary of the village before great gulf or Powdr or the town.

f*** moron, the USSR fell the same year i was born. russia is a capitalist country and has been so for almost 34 years.

and if you dont wanna pay the taxes then go to NH and let the door hit you on the way out.

State Capitalist that is currently bordering on National Socialist. I'm sure there is cheap housing out in the Urals.

[Bubba]

Meanwhile, back at Killington Forward there’s still a vote coming up on March 7th and people still have questions.

[KingsFourMan]

Russia is state capitalism, that works best for oligarchs and the connected. The min wage is $8/hr.

VT and Vermonters chose a tourism based economy, through the many policies from zoning, housing regulation, taxation. This is decades in the making, and would take decades to change paths. Hard when you are the 2nd least populated state in the union.

If cheap housing is your thing move to rural Indiana or louisiana. Your state doesn't want cheap housing, business parks or jobs. They want quaintness, forests, lakes and ski mountains from which to extract money from tourists in more affluent states. That to me seems just as rent-seeking as the investors and tourists you love to hate.

I'm an 8th generation Vermonter but I left for greener pastures, and own a 2nd home here. You are free to do the same, or you can continue being a loudmouth Karen that people will ignore.

This could not have been stated any more perfectly.

[Pedro]

Meanwhile, back at Killington Forward there’s still a vote coming up on March 7th and people still have questions.

Don't ruin this thread by brining it on back on track its only Tuesday

[Southside_Bobby]

Meanwhile, back at Killington Forward there’s still a vote coming up on March 7th and people still have questions.

Don't ruin this thread by brining it on back on track its only Tuesday

[twilkas]

https://www.killingtontown.com/vertical ... ted(1).pdf
Projected Tax Increment Revenues on page 5 spells out some stipulations (typos mine, not copy-able),

"Great Gulf certifies that it is ready to proceed with construction of Phase 1A of the Six Peaks Project, the parties will sign a Mininum Assessment Agreement in which Great Gulf agrees to a minimum propery assessment that will generate sufficient property tax revenue to enable the Town to pay the debt service on the debt incurred by the Town in connection with the Project. The Minimum Assessment Agreement will be
a covenant burdening the property on which Phase 1A through Phase 1C of Six Peaks Project will be constructed, and it will be recorded in the land records with priority over any mortgages.
Because the obligation to pay property taxes is statutorily secured by a lien with priority over any other lien, this mechanism supports the Town's receipt of property taxes sufficient to enable the Town to pay for the Projects.
Only After Great Gulf has certified that it is ready to proceed with construction of Phase 1A of the Six Peaks Project and the parties have signed Minimum Assessment Agreement will the Town actually incur any TIF debt that is authorized by the voters"

The very last paragraph on page 6 does make clear that there is potential town liability for repayment of the bond, yet this phrasing seems to be a protection for the town

[Bubba]

https://www.killingtontown.com/vertical ... ted(1).pdf
Projected Tax Increment Revenues on page 5 spells out some stipulations (typos mine, not copy-able),

"Great Gulf certifies that it is ready to proceed with construction of Phase 1A of the Six Peaks Project, the parties will sign a Mininum Assessment Agreement in which Great Gulf agrees to a minimum propery assessment that will generate sufficient property tax revenue to enable the Town to pay the debt service on the debt incurred by the Town in connection with the Project. The Minimum Assessment Agreement will be
a covenant burdening the property on which Phase 1A through Phase 1C of Six Peaks Project will be constructed, and it will be recorded in the land records with priority over any mortgages.
Because the obligation to pay property taxes is statutorily secured by a lien with priority over any other lien, this mechanism supports the Town's receipt of property taxes sufficient to enable the Town to pay for the Projects.
Only After Great Gulf has certified that it is ready to proceed with construction of Phase 1A of the Six Peaks Project and the parties have signed Minimum Assessment Agreement will the Town actually incur any TIF debt that is authorized by the voters"

The very last paragraph on page 6 does make clear that there is potential town liability for repayment of the bond, yet this phrasing seems to be a protection for the town

My only problem is the possibility of a bankruptcy court altering the payments. I would prefer a surety bond or parent guarantee covering the single purpose entity that will build the village.

[twilkas]

https://www.killingtontown.com/vertical ... ted(1).pdf
Projected Tax Increment Revenues on page 5 spells out some stipulations (typos mine, not copy-able),

"Great Gulf certifies that it is ready to proceed with construction of Phase 1A of the Six Peaks Project, the parties will sign a Mininum Assessment Agreement in which Great Gulf agrees to a minimum propery assessment that will generate sufficient property tax revenue to enable the Town to pay the debt service on the debt incurred by the Town in connection with the Project. The Minimum Assessment Agreement will be
a covenant burdening the property on which Phase 1A through Phase 1C of Six Peaks Project will be constructed, and it will be recorded in the land records with priority over any mortgages.
Because the obligation to pay property taxes is statutorily secured by a lien with priority over any other lien, this mechanism supports the Town's receipt of property taxes sufficient to enable the Town to pay for the Projects.
Only After Great Gulf has certified that it is ready to proceed with construction of Phase 1A of the Six Peaks Project and the parties have signed Minimum Assessment Agreement will the Town actually incur any TIF debt that is authorized by the voters"

The very last paragraph on page 6 does make clear that there is potential town liability for repayment of the bond, yet this phrasing seems to be a protection for the town

My only problem is the possibility of a bankruptcy court altering the payments. I would prefer a surety bond or parent guarantee covering the single purpose entity that will build the village.

Ideally, yes. did you get any feedback on that? have to think you requested it. I'd not have any basis for comparison as to what the premium would be on that issuance, but would be interesting to see.