Politics & Government
LTE: Leesburg Resident for Metro
One homeowner believes rail means incremental higher RE values, even away from the stations.
To the editor:
I have been reading all the back and forth about rail to Loudoun and cannot understand why people think it is only cost and no benefit. I have done ROI (cost/benefit) evaluations for the private sector and understand they are based on information at hand. Doubters say the benefits are unrealistic but the fact is they are just as likely to be too low as too high.
In any event, there is one benefit that is not factored in any study and that is the benefit to the Loudoun homeowner. I live in Leesburg and I estimate the value of my house will be $50,000 higher in 2018 with Metro than without.
If I have to pay $200 a year in higher taxes, I am all for it. Why do I think my house will be worth so much more? Supply and demand. With Metro our housing market opens to an entire new set of buyers.
John Bischoff
Leesburg
[Editor’s note: As currently proposed, Leesburg residents and businesses would not be part of the Metro tax districts. Although, if the proposed districts do not draw the expected revenue, or costs rise, the county could consider another revenue source, including general tax dollars.]
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
