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Parking lots are not very valuable. I meant that the mall parcel includes retail space and parking while the 9 blocks is only retail space. So it’s comparing di

Parking lots are not very valuable. I meant that the mall parcel includes retail space and parking while the 9 blocks is only retail space. So it’s comparing different densities. I was thinking that there is probably some parking lots for the people doing that shopping that should be included when comparing taxes per area. I think it would be an accurate comparison if those 9 blocks were replaced by a mall, but this seems like apples to oranges if the goal is to see which brings in more tax revenue to the community. I suppose sales tax would be really important too.

quickthrowman 6y ago
> Parking lots are not very valuable. ??? It depends entirely on the location of the parking lot. The land value of a downtown parking lot which is the same size as a high-rise building lot next door is going to be similar. Obviously the high-rise is worth more money since there’s a building with leasable space, but the land value of both lots will be very close. A parking lot doesn’t need to remain a parking lot forever, you could borrow money and build a building on it.