Which uses of our land provide the best economic returns to our towns? The answers might surprise you.
Developing big parcels of land on the fringes of town as malls, big-box stores, or suburban tracts? No.
Building up existing downtowns with mixed uses – residential, commercial, social services, and more? Yes. Acre for acre, this type of development raises more property tax revenue and requires less new infrastructure for taxpayers to pay for. In addition, mixed-use downtown development can have positive implications for climate change, public health, historic preservation and community architectural “character,” and social equity.
This broad issue is explored in a series of engaging, accessible, virtual presentations featuring renowned planner Joe Minicozzi of the North Carolina-based firm Urban3, which kicks off with the session From the Outskirts to Downtown: Taxes, Land Use & Land Value Analysis of 15 New Hampshire Communities, on Thursday, October 15, 10 am. Register now for this free event.
Minicozzi will follow up with presentations focused on the communities that were studied, including a session focusing on Lebanon, Claremont (shown above), and Hanover, on Thursday, October 29, 11 am. Urban3’s research was contracted by the New Hampshire Housing Finance Authority. Vital Communities is the Upper Valley event co-sponsor. Register for this free LOCAL event.
Urban3 derived its findings by analyzing the property tax revenues of Berlin, Claremont, Concord, Dover, Exeter, Hanover, Hudson, Keene, Laconia, Lebanon, Nashua, Pelham, Peterborough, Portsmouth, and Rochester. Minicozzi, the principal of Urban3, is an urban planner who utilizes new ways to think about and visualize land use, urban design, and economics.
By using these data to create 3D visualizations, Urban3’s analysis reveals the potential for improving the fiscal health of each of these 15 communities. The visuals show what types of development create the greatest tax return for communities, and create a clear and data-driven understanding of the economics of place. Communities can use these findings as a tool to make public policy adjustments, with the goal of creating long-term financial resiliency.
The Lebanon-Claremont-Hanover conversation will drill down from the statewide picture presented on October 15. Analysis, charts, and observations of data for each of the three towns will be presented. A panel with planning officials from each of the towns and the Upper Valley Lake Sunapee Regional Planning Commission will provide local context and answer questions in a facilitated discussion.
The series aims to give participants another way to look at how we use our land, and the implications for local health, prosperity, climate, and social equity. They should be able to use the information to make choices that enable and protect what they value in their local communities. Although the data was derived from studying particular New Hampshire communities, residents and officials of towns of all sizes can gain valuable insight from this discussion.
Questions to be explored include:
- What are the financial implications of different land uses, and how can this knowledge help us make and implement good decisions for our homes, businesses, schools, and other needs?
- Who really pays for infrastructure and its continued maintenance?
- How can we preserve and replicate the homes and buildings we appreciate most, that give our communities character, and offer the greatest benefits to the public as a whole?