Branner Station's value depends on the math

Dear Editor,

I am writing in response to the letter authored by John Stillion, Ph.D. (Mar. 28) with regard to the Branner Station development. His math is quite good and his argument is reasonable. However, he neglected to factor in the additional real estate tax revenue generated by these 4,668 houses. It could be anywhere from $4 million to as much a $10 million per year. This subdivision will continue to generate this income for years to come. My guestimate is the net yield would be about the same as a municipal bond yield of 3-4 percent on this $243 million investment in our community.

Not exactly a lousy deal.

Dave Billingsley

Chesterfield