How do cities ensure a good return on infrastructure investments?

Norm Van Eeden Petersman

Reader question in the Facebook group: 

I'm looking for an article, I think I read it in ST.  The concept was that a city is like an investment portfolio and the planning department needs to manage the portfolio (private land development) to produce a good return to the city to pay for the necessary infrastructure.
I have an opportunity on Jan 23 to speak with several city council members on a lot split that offers the potential (which I document for them) to create more taxable value on 3 lots than is likely otherwise on the existing 2 undeveloped lots. I have worked the specific example with Tax Assessor data, but think I remember the more general argument in an article.

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