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not at prices that people are willing to pay. Suburban-style roads are cheap to build, because developers generally pay the upfront costs and price it into the
by hannasanarion 4y ago
not at prices that people are willing to pay. Suburban-style roads are cheap to build, because developers generally pay the upfront costs and price it into the initial sale price of the development, but taxes in the period that follows aren't nearly high enough to cover the price of resurfacing, repair, and improvements that the city has to cover 20-30 years down the line. Suburbs that have gone through several such cycles are increasingly taking on debt to pay the costs of that maintenance, and older ones are now going bankrupt.