Shedding Light on the Creeping Costs of Sprawl

Studies comparing tax revenues from a per-acre perspective show significant gains for municipalities with dense, mixed-use development.

Philip Langdon at New Urban News writes:

"(E)ven a top-of-the-line mall pales in comparison to the per-acre revenue obtainable from dense urban development. A 17-story mixed-use building occupying .75 acres on Main Street downtown [Sarasota] generates $1.01 million annually in city and county taxes, according to [Peter] Katz. That building, completed in May 2007, which has retail in its base, several floors of offices, and then condominiums in the upper levels, produces $1.2 million per acre in county property taxes alone. 'It would take about 145 acres of Walmarts - or five of them, to be precise - to equal the contribution of that one downtown building,' says Katz."

Thanks to Renee Brutvan

Full Story: Best bet for tax revenue: mixed-use downtown development

Comments

Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
AICP CTP Storefont Display

The first online AICP* CTP exam prep class

Are you ready to take the AICP* Certified Transportation Planner exam?
Priced at $245 for May exam!
Wood necklace with city map

City Necklaces

These sweet pendants are engraved on a cedar charm with a mini map of selected cities. The perfect gift for friends and family or yourself!
$28.00
Book cover of Contemporary Debates in Urban Planning

Contemporary Debates in Urban Planning

Featuring thought-provoking commentary and insights from some of the leading thinkers and practitioners in the field.
$18.95