It may play a role... but the build-out of residential property in the area will be the big effect; and that isn't the City acting... that is happening in spite of the City.
Residents will want more peace and quiet; and far less carnage.
The City has to make that decision because its tax cap is based on inflation and new build. It would much rather go toward new high-density build while keeping the rates down, than have to smack into the top of the cap and still come up short.
The bars see the money to be made... the City sees the money to be lost.
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