Sarasota County, Florida finds that one mixed use building generates 36 times the property taxes per acre as the region's largest high end mall. Mary Newsom reports that "evidence is piling up to show the benefits of compact, in-town development."
"From a fiscal standpoint, this really puts hair on your chest," said Sarasota County Director of Smart Growth Peter Katz. His team analyzed other revenue data, and worked out the payback times for big infrastructure costs involved with new developments. "The payback time for a mixed-use condominium building in the heart of downtown was three years," compared with 42 for a multi use project at a highway interchange.
Read the full story: Mixed-Use Downtown Development Puts Standard Malls' Tax Yield to Shame
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Amtrak, CN end decades-long dispute with eight-year agreement
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Trump to overrule local leaders, lease millions of acres of America’s Pacific Island territories’ seafloors to mining companies
International law says that the Indigenous people of America’s territories have a right to prior and informed consent regarding projects that impact their countries.
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