4 ms·
To expand a bit more here, the Strong Towns folks argue that city infrastructure project costs do not factor in long-term maintenance. Growth is the driver of r
by clarkmoody 7y ago
To expand a bit more here, the Strong Towns folks argue that city infrastructure project costs do not factor in long-term maintenance. Growth is the driver of revenue in the short term (building permit fees, more expensive single-family homes paying property taxes). Once growth slows or stops, the party is over. Maintenance costs kick in, and the errors made during the boom time are revealed in the form of broken streets, abandonment, blight, etc.
They consult with cities to target a 20-to-1 "return on investment" when taking on infrastructure projects. That means that the costs to build street or water pipes should result in 20x that cost in economic activity.