Friday, April 29, 2016

"Downtown development is the golden goose of urban economics"

When it comes to the debate about housing and development, there’s been plenty of discussion about the physical impacts of decisions we make, for example the height and bulk of buildings. There’s even been to a lesser extent a discussion on the capital costs of development, the costs of building or upgrading roads, pipes and other infrastructure. Some of this is quite evident now with the Transport for Future Growth consultations currently underway.
One area that hasn’t really been discussed at any level – other than probably some obscure high level planning papers – is the impact our development choices have on rates and operational costs. In many ways this is odd given how loudly many sections of our society protest every time rates are increased. But there is a clear link between rates and the types of development we allow. More at: The Value of Well-Designed Cities.

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