Interesting analogy, but I'm more into cost benefit analysis. Possibly the homeowners in front of the new building will suffer a decline in their property values. If so they can be compensated, beyond the tax reduction on the devalued property. But they CAN be compensated because the new building generates new income, some of which will go the town in new taxes. It is a net gain even if not literally every ONE gains.
Interesting analogy, but I'm more into cost benefit analysis. Possibly the homeowners in front of the new building will suffer a decline in their property values. If so they can be compensated, beyond the tax reduction on the devalued property. But they CAN be compensated because the new building generates new income, some of which will go the town in new taxes. It is a net gain even if not literally every ONE gains.