Greater City Providence

2 comments

  • According to the Citiwire link,

    …in tax revenue, for the infrastructure costs of various types of residential developments… [t]he payback time for a mixed-use condominium building in the heart of downtown was three years. Want to guess the payback time for the residential portion of a multi-use development out at a highway interchange? It was a whopping 42 years.

    In other words, low density development, sprawl, is being encouraged by being undertaxed. Dense, mixed use urban development is discouraged by being overtaxed.

Providence
52°
Mostly Cloudy
6:38 am7:04 pm EDT
Feels like: 48°F
Wind: 15mph W
Humidity: 52%
Pressure: 29.81"Hg
UV index: 3
MonTueWed
55/37°F
48/32°F
52/34°F
%d bloggers like this: