Conventional wisdom—and most public policy—says that sprawling developments garner more property tax revenue for local city and country coffers. That view however, has been thrown wide open in a recent study conducted by Public Interest Projects (PIP), as reported by Planetizen. And the results won’t please sprawl-loving WalMart, who have been banging down the Cities door, trying to curry favor since 2005.
PIP’s study concentrated on Ashville, North Carolina, where they were trying to develop a downtown building, one which the local county was planning on turning into a 24-hour center for emergency vehicles. Read More