Detroit is planning on an LVT project. It still has to pass a few legislative hurdles, but Mayor Duggan is pushing hard. You can read all about it here:
https://www.economist.com/united-states/2023/10/05/detroit-wants-to-be-the-first-big-american-city-to-tax-land-value
This market resolves N/A if the LVT project is not implemented by the expiration date.
This market is one of a series of markets based on the very confident predictions found in the Marginal Revolution comments section on the subject (mostly, but not always, about how it will fail). I'm turning each of these into a market. (Group link for all these markets)
Commenter Nick:
As a fellow St. Louisan, this is spot on. The end result of this proposal will be additional properties flooding the Land Bank, most of which the city won't be able to offload.
I predict in the next 100 years many parts of North St. Louis will start returning to its natural state (some corners already have). I guess one bonus of this tax proposal would be to potentially speed up that process.
Two years after the implementation of the LVT project, if the volume of properties in Detroit's Land Bank is larger than it was before the project, and it has not been able to sell 51% of the properties acquired after the LVT project goes into effect (ie, "most of them"), this market resolves YES. Otherwise it resolves NO.
1,000
1.00@Gyfer There’s this
And you could look up the assessor’s site to see if they have public records. I will likely try to build my own database later
What is this?
What is Manifold?
Are our predictions accurate?
How do I win cash prizes?
and can't be cashed out. to participate and winners can withdraw sweepcash as a cash prize. You can filter for sweepstakes markets on the browse page.1.00Related questions
What is this?
What is Manifold?
Are our predictions accurate?
How do I win cash prizes?
and can't be cashed out. to participate and winners can withdraw sweepcash as a cash prize. You can filter for sweepstakes markets on the browse page.1.00