2 ms·
From what I've read municipalities dislike residential because of the increased costs, not because of the poor tax revenue. Both commercial and residential can
by wahern 7y ago
From what I've read municipalities dislike residential because of the increased costs, not because of the poor tax revenue. Both commercial and residential can bring it windfall revenues at today's market prices, and Prop 13 applies to commercial property, anyhow. Residential simply has higher infrastructure costs--schools, heavier water & sewage usage, etc.
Plus office complexes don't enrage NIMBYs the way residential projects do. Dense office space equates with rich commuters; dense residential space equates with young and poor people. So commercial pencils out better fiscally, and politically there's less pushback.
- dredmorbius 7y agoRetail generates sales tax. Residential doesn't.