How do cities ensure a good return on infrastructure investments?
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.
Comments
3 comments
Also, a few more to whet the whistle of anyone interested in following up on this topic!
Funny, I read this and three different articles came to mind (we've written so many that meet this description).
Please sign in to leave a comment.