Closing the Lavington glass plant is a major disaster for employees of the plant. Seeing their livelihood disappear is like loosing part of their life and I am truly sorry for them. This is a major problem with foreign ownership where only the money count not the people.
However, the consequences of the plant closure will probably not have as great an effect on the Municipality as some people expect. The zoning of the property will remain Major Industry and will be assessed as such. The value might be reduced somewhat but major industrial sites are very much coveted. Thus, municipal taxes, NORD taxes and school taxes might be somewhat lesser but will not disappear entirely. The sky is falling for the employees but not necessarily for taxes.
However, the consequences of the plant closure will probably not have as great an effect on the Municipality as some people expect. The zoning of the property will remain Major Industry and will be assessed as such. The value might be reduced somewhat but major industrial sites are very much coveted. Thus, municipal taxes, NORD taxes and school taxes might be somewhat lesser but will not disappear entirely. The sky is falling for the employees but not necessarily for taxes.
I might be able to provide somewhat better information next week when the assessor in charge of industrial assessment will return from his holidays.
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