2: The Daily “Save Main” – Apex 400 Myth Busters

MYTH:

This development is necessary for the continued economic viability of Glen Ellyn.

REALITY:

Apex 400 supposes increased tax revenues for the Village of roughly $400,000 per year— which sounds great but represents only 0.2 percent of the Village’s budget (and equates to roughly $13/resident per year or $44/household per year). No data suggest that this five-story mixed-use development is the only development that could generate such revenue for the Village.

Leave a Reply

Your email address will not be published. Required fields are marked *