Earlier quoted context omitted.
How do you know they would pay more property tax than now? These skyscrapers are very tall and thin. They use very little land and the tax would be divided up among many floors. If you wanted to design a building to pay as little land tax as possible, this is what it would look like.
They use a small amount of some of the most valuable land in the United States. They also purchased "air rights" from neighboring buildings. Their LVT bill (assuming air rights were also taken into account) would not be small. It seems that people also don't actually like living in them. It's particularly noteworthy that they're speaking out about it because they're risking doing real damage to their investment by do…
A LVT increases the cost per square foot more for shorter buildings. A 10 story building pays about twice as much on a square foot basis as a 20 story building. The whole point is to encourage taller buildings.
(It’s not quite that simple since taller buildings probably have less usable square footage per floor, but that’s basically how it works.)