Friday, July 14, 2017

Don't Dump Fertilizer on the Weeds: Downtown Development Talk July 25th

Remember this?

Via Strongtowns and CNU Public Square
The value/acre in jobs and in taxes generated by a downtown mid-rise vastly outstrips the value/acre generated by big box development on the edges of the city.

In a terrific summer surprise, its author, Joe Minicozzi of Urban3 will be giving a talk at the Library on Tuesday, July 25th!

And in an equally wonderful win-win, the Oregon Association of Realtors is one of the sponsors: Urbanists, advocates for livability, advocates for fiscal prudence and efficiency, and Realtors should be able to find common ground here.

You might remember a memorable phrase:
Even low-rise, mixed-use buildings of two or three stories—the kind you see on an old-style, small-town main street—bring in ten times the revenue per acre as that of an average big-box development. What’s stunning is that, thanks to the relationship between energy and distance, large-footprint sprawl development patterns can actually cost cities more to service than they give back in taxes. The result? Growth that produces deficits that simply cannot be overcome with new growth revenue.

“Cities and counties have essentially been taking tax revenues from downtowns and using them to subsidize development and services in sprawl,” Minicozzi told me. “This is like a farmer going out and dumping all his fertilizer on the weeds rather than on the tomatoes.” [italics added]
More recently, Strong Towns discussed "The real reason your city has no money," which featured the city maps with bar graphs, and the underlying analysis, you see on the talk poster.

The talk is free, but it is in the morning on Tuesday. Strongly consider attending!

(SCV posted it as an event, and if the City also posts a web page - I didn't find one anyway - I'll update this post.)

Some previous related posts here:

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