Ritz-Carlton project would bring financial windfall to Paradise Valley

I have dedicated my professional career to educating and advising people on how to best take advantage of their financial opportunities.

There are very few opportunities in life where you have a chance to make those decisions based around an event that brings you a windfall of new money. But that’s exactly the opportunity that Paradise Valley has in front of it right now with the Ritz-Carlton Paradise Valley project.

While Paradise Valley is obviously an affluent community, we’ve made the decision over the years to keep our government small and our taxes low. As a result, while the Town is on reasonably sound financial footing, there’s still a need for more revenue in order to fund public safety and infrastructure projects.

The Ritz-Carlton Paradise Valley would provide a tremendous shot in the arm to the Town’s finances, and would help not only maintain, but improve our quality of life and the community we all cherish.

Current projections show that the project would generate over $5 million in construction tax revenue alone. And once the project is fully built out, it would generate millions annually for the Town through the resort’s bed tax revenue and crucial sales tax dollars from resort-related retail shops.

That means our police department will have the revenue it needs to improve public safety. It means we will be able to properly maintain our streets and sidewalks well into the future. And the Ritz-Carlton Paradise Valley would also all but ensure that our Town will never have to levy a property tax on its residents.

Financial decisions and planning for the future can be exceedingly difficult. But when you have an opportunity to ensure financial stability for the foreseeable future, it’s pretty easy to make the right decision.

I hope you will join me in supporting the Ritz-Carlton Paradise Valley project and the incredibly positive effect it will have on our community by not only being a world-class resort destination, but a world-class revenue generator as well.

Editor’s note: Ms. Lechter is a resident of the Town of Paradise Valley

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