[FlyingScot]

Originally Posted by Chubby

The lowball real estate development costs are not the real cost of a HUB. The associated payroll, employee benefits, pension/retirement funding, lawsuits, massive liability insurance, maintenance, etc, all of which will compound at 5% per year, are the overwhelming silent costs of this tax trap.

Before you lead us into this trap, think of the long time residents on fixed incomes who don't watch sunsets from the giant decks of their six bedroom waterfront McMansions. The older people must quietly leave, they don't campaign at town meeting.

I agree with you on the tax issue. But let's not blame waterfront owners. As has been pointed out repeatedly on this thread, the majority of waterfront owners do not vote at town meeting and have zero use for HUB, but do pay 70% of the taxes.