Historically, municipal governments relied on property taxes to fund public transit expansion, operating under the assumption that infrastructure investment directly drives commercial real estate appreciation. However, recent economic analyses reveal that modern commercial enterprises prioritize digital infrastructure over physical proximity to transit hubs. Therefore, urban economists argue that issuing new municipal bonds to expand city bus lines will yield diminishing returns for the local tax base. Since property values have already stagnated across commercial sectors, funding transit expansion through property tax increases will burden local businesses without generating the anticipated economic growth.
In the argument presented, the bolded statement plays which of the following roles?
- It provides contextual background information about a traditional practice and belief, establishing the situation that the argument's main conclusion evaluates.Cevap
- BIt is a premise offered directly by the author to support the claim that transit expansion will yield diminishing returns for the local tax base.
- CIt is an intermediate conclusion drawn by the author to explain why commercial property values have stagnated in the area.
- DIt is the primary conclusion of the argument, which the rest of the passage attempts to justify through modern economic data.
- EIt presents counter-evidence introduced by urban economists to dispute the growing importance of digital infrastructure.