U3 Naples 5-1-18How We Value the City
Joseph Minicozzi, AICP
Mapping the Dollars and $ense of Land Use Patterns
DNA
DNA
DNA
DNA
DNA
DNA
What are the numbers for Buncombe County?
In the 70’s and 80’s
our downtown died.
Asheville’s de facto motto was:
“That will never work here - don’t even try.”
1941 - 11/19/2001
the Dogwood Fundthe Alternative Reading Room
Public Interest ProjectsSalsa’s & ZambrasThe Orange Peel
The Laughing SeedThe Public Service BuildingThe Mountain XpressJulian Price51 Biltmore
YWCA Downtown benches
City
Seeds
1993
Among cities with no particular recreational appeal, those that have preserved their past continue to enjoy tourism.
Those that haven’t receive almost no tourism at all. Tourism simply doesn’t go to a city that has lost its soul.
Arthur Frommer
1993
Top Travel Destinations of 2007
Asheville: #5 of the top 12
Asheville CBD Taxable Value
Asheville CBD Taxable Value
Asheville’s de facto motto was:
“That will never work here - don’t even try.”
Asheville CBD Taxable Value
DON’T TRUST THIS GROUP
OF LYING POLITICIANS!
THE GREAT RIVER GRAB HAS BEGUN!
DON’T BE FOOLED BY THESE CHARLETANS!
HELP US FIGHT!
AshevilleRiverGate.comRiverGate
THIS CORRUPT
GROUP NEEDS TO
RESIGN ALONG
WITH THEIR
AARRC RIVER
COMMITTEE
In God we trust;
everyone else,
bring data.
Mayor Michael Bloomberg
tragically limited in their knowledge of the world
tragically limited in their knowledge of the world
Incorporate (inˈkôrpəˌrāt)
VERB
Constitute (a company, city,
or other organization) as a
legal corporation.
Source: Oxford Dictionary
“The United States
is the largest
corporation
in the world.”
Joe Biden
United States Vice President
Late Show: 12/6/2016
U.S. Code Title 28: Part VI, Chapter 176, Subchapter A: §302(15)A
Life is a game. Money is how we keep score.
Ted Turner
Asheville
is 6x >
Ted Turner
Life is a game. Money is how we keep score.
Asheville
is 6x >
Ted Turner
Life is a game. Money is how we keep score.
Baron Collier
What is a City?Photo: James Harrison
What is a City?
Land Production
Old Penneys
For 40 years this
building remained
vacant…… its tax value
in 1991 was just over
$300,000
Today the
building is valued
at over
$11,000,000
an increase of
over 3500%
in 15 years
The lot is less
than 1/5 acre
0.13 Acres
1 unit (2 people + 2 dogs)
$232,000 Tax Value
0.19 Acres
54,000 sf. Bld
$11,000,000 Tax Value
34.0 Acres
220,000 sf Building
$20,000,000 Tax Value
Walmart Downtown My House
0.13 Acres
1 unit (2 people + 2 dogs)
$232,000 Tax Value
0.19 Acres
54,000 sf. Bld
$11,000,000 Tax Value
34.0 Acres
220,000 sf Building
$20,000,000 Tax Value
Walmart Downtown My House
0.13 Acres
1 unit (2 people + 2 dogs)
$232,000 Tax Value
0.19 Acres
54,000 sf. Bld
$11,000,000 Tax Value
34.0 Acres
220,000 sf Building
$20,000,000 Tax Value
Property Taxes/Acre$19,542
Walmart Downtown My House
0.13 Acres
1 unit (2 people + 2 dogs)
$232,000 Tax Value
0.19 Acres
54,000 sf. Bld
$11,000,000 Tax Value
34.0 Acres
220,000 sf Building
$20,000,000 Tax Value
Property Taxes/Acre$6,500 Property Taxes/Acre$19,542
Walmart Downtown My House
0.13 Acres
1 unit (2 people + 2 dogs)
$232,000 Tax Value
0.19 Acres
54,000 sf. Bld
$11,000,000 Tax Value
34.0 Acres
220,000 sf Building
$20,000,000 Tax Value
Property Taxes/Acre$634,000Property Taxes/Acre$6,500 Property Taxes/Acre$19,542
Walmart Downtown My House
0.13 Acres
1 unit (2 people + 2 dogs)
$232,000 Tax Value
0.19 Acres
54,000 sf. Bld
$11,000,000 Tax Value
34.0 Acres
220,000 sf Building
$20,000,000 Tax Value
Property Taxes/Acre$634,000Property Taxes/Acre$6,500 Property Taxes/Acre$19,542
Wheat Oranges Soybeans
Total Property Taxes/Acre$6,500
DowntownProperty + Retail Sales Taxes
to the City$3,300
Retail Sales (average)$77,000,000
Total Property Taxes/Acre$634,000
to the City$330,000
Total Property Taxes/Acre$6,500
DowntownProperty + Retail Sales Taxes
to the City$3,300
Retail Sales (average)$77,000,000
Total Property Taxes/Acre$634,000
to the City$330,000
$0.0775 Sales Tax
of which…
27% returned to City
Total Property Taxes/Acre$6,500
DowntownProperty + Retail Sales Taxes
to the City$3,300
Retail Sales (average)$77,000,000
Total Property Taxes/Acre$634,000
to the City$330,000
$47,500 Sales Tax
City return
DowntownProperty + Retail Sales Taxes
Total Taxes/Acre to the City$50,800 Property Taxes/Acre to the City$330,000
Asheville Walmart
DowntownProperty + Retail Sales Taxes
Total Taxes/Acre to the City$50,800 Total Taxes/Acre to the City$414,000
Asheville Walmart
DowntownJobs per Acre
200 jobs on 34.0 acres
5.9
14 jobs on 0.19 Acres
73.7
Asheville Walmart
73.75.9 Jobs per Acre:
$ 83,600$ 47,500City Retail Taxes/Acre:
Land Consumed (Acres):00.234.0
$634,000$ 6,500Total Property Taxes/Acre:
90.00.0 Residents per Acre:
DowntownAsheville Walmart
Charles Terrell,
C
M
I
Walmart
Director of Prope
r
t
y
T
a
x
International Association of Assessing Officers
80th International Conference
Sacramento, CA
August 26, 2014
Walmart = House Cat
$0
$450
$900
$1,350
$1,800
Undeveloped Biltmore Estate County Residential City Residential
$1,716
$1,236
$135
$30
Residential
Buncombe County Property Tax Revenue Profile: 2007 Tax Yield per Acre
$0
$2,000
$4,000
$6,000
$8,000
Undeveloped Biltmore Estate County Residential City Residential City - Commercial Asheville Mall
$7,995
$2,406
$1,716
$1,236
$135$30
Residential
Commercial
Buncombe County Property Tax Revenue Profile: 2007 Tax Yield per Acre
$0
$75,000
$150,000
$225,000
Undev
el
o
p
e
d
Biltmor
e
Est
at
e
County
R
esi
d
e
nti
al
City R
esi
d
e
nti
al
City -
C
o
m
m
erci
al
Ashevill
e
M
all
CBD
1-
2
St
ory
Offic
e
CBD
2-
4
St
ory
A
pts.
CBD
Mix
e
d-
Us
e
3-
4
St
ori
es
CBD
Mix
e
d-
Us
e
6
+
St
ori
es
$250,125
$44,887
$18,109
$7,059$7,995$2,406$1,716$1,236$135$30
Residential
Commercial
Central Business District
Buncombe County Property Tax Revenue Profile: 2007 Tax Yield per Acre
Scary Math
How do you compare cars?
Toyota Prius
571 miles per tank
Bugatti Veyron SS
390 miles per tankRolls-Royce Phantom Drophead
380 miles per tank
Ford F150 Lariat LTD
648 miles per tank
1955 BMW Isetta
245 miles per tank
Toyota Prius
571 miles per tank
Bugatti Veyron SS
390 miles per tankRolls-Royce Phantom Drophead
380 miles per tank
Ford F150 Lariat LTD
648 miles per tank
1955 BMW Isetta
245 miles per tank
How do you compare cars?
1 2
34
5
How do you compare cars?
Toyota Prius
51/48 mpg
Bugatti Veyron SS
8/14 mpgRolls-Royce Phantom Drophead
11/18 mpg
Ford F150 Lariat LTD
13/18 mpg
1955 BMW Isetta
50/70 mpg
Toyota Prius
51/48 mpg
Bugatti Veyron SS
8/14 mpgRolls-Royce Phantom Drophead
11/18 mpg
Ford F150 Lariat LTD
13/18 mpg
1955 BMW Isetta
50/70 mpg
How do you compare cars?
1
23
4 5
3
Grand Junction, CO
Glenwood Springs, CO
Rifle, CO
Asheville, NC
Dunn, NC
Sarasota, FL
Sheridan, WY
Billings, MT
Bozeman, MT
Driggs, ID
Completed Study
Urban
Cheyenne, WY
Santa Rosa, CA
Laramie, WY
Columbia, SC
Modesto, CA
Casper, WY
Ft. Collins, CO
Merced, CA
Turlock, CA
Rockland, ME
Chattanooga, TN
Missoula, MT
Great Falls, MT
Wilmington, NC
Clovis, CA
Visalia, CA
Fresno, CA
Nashville, TN
Helena, MT
Winston-Salem, NCGreensboro, NC
Gwinnett, GA
Mountain View, CA
Philadelphia, PA
Syracuse, NY
Charlotte, NC
Guelph, ON
Austin, TX
Chapel Hill, NC
High Point, NC
Buffalo, NY
Lafayette, LA
West Palm Beach, FL
Des Moines, IA
Niagara Falls, NY
Durango, CO
South Bend, IN
Auckland, NZ
Mellville, AU
Huntington, WV
Lancaster, CA
Petaluma, CA
Estero, FL
Columbus, GA Charleston, SC
Derby , CT
Hinesville, GA
Traverse City, MI
Peoria, IL
Albuquerque, NM
Redlands, CA
Pueblo, CO
Greenville, SC
Minneapolis, MN
Ogden, UT
Salt Lake, UT
Eugene, OR
$0
$75
$150
$225
$300
$274.00
$95.00
$47.80
$9.30$6.70$5.50$1.00
Residential
Commercial
Mixed-Use
County S-F City S-F Walmart Mall or strip Mixed-Use
(2 Story)
Mixed-Use
(3 Story)
Mixed-Use
(6 Story)
Ratio Difference of 60 City Sample Set, in 21 States (+ a Province)
3Urban
Joseph Minicozzi, AICPCounty Property Taxes/Acre
... the relentless
rules of humble
arithmetic.
Justice Louis Brandeis
“Other People’s Money”, 1914
The City
The City InfrastructurePropertyTaxRetailSales Jobs ROI
What are the numbers for Buncombe County?
Total Taxable Value
Buncombe County, NC
Biltmore Estate
Taxable Value per Acre
Buncombe County, NC
Biltmore Estate
Taxable Value per Acre
Buncombe County, NC
Biltmore Estate
Biltmore Park
Black Mountain
Comparative Impact
Asheville within Buncombe
Comparative Impact
Asheville within Buncombe
94%
6%
City
County County Area
Comparative Impact
Asheville within Buncombe
94%
6%
City
County County Area County Property Value
59%
41%
Comparative Impact
Asheville within Buncombe
94%
6%
City
County County Area County Property Value
59%
41%
1:7
Comparative Impact
Downtown within the County
99.93%
0.07%
Downtown
County County Area
Comparative Impact
Downtown within the County
99.93%
0.07%
Downtown
County County Area County Property Value
98%
2.2%
Comparative Impact
Downtown within the County
99.93%
0.07%
Downtown
County County Area County Property Value
98%
2.2%
Comparative Impact
Downtown within the County 1:31
Ft. Myers, FL (2016)
$21.8B
Collier County, FL (2016)
$83.6 B
Ft. Myers, FL (2016)
$21.8B
Collier County, FL (2016)
$83.6 B
99%
0.8%
City
County County Area
Ft. Myers, FL (2016)
$21.8B
Collier County, FL (2016)
$83.6 B
99%
0.8%
City
County County Area County Property Value
74%
26%
Ft. Myers, FL (2016)
$21.8B
Collier County, FL (2016)
$83.6 B
99%
0.8%
City
County County Area County Property Value
74%
26%
1:33
Ft. Myers, FL (2016)
$21.8B
Collier County, FL (2016)
$83.6 B
94%
6%
City
County County Area County Property Value
74%
26%
Ft. Myers, FL (2016)
$21.8B
Collier County, FL (2016)
$83.6 B
94%
6%
City
County County Area County Property Value
74%
26%
1:5
America's Dumbest Tax Loophole:
The Florida Rent-a-Cow Scam
April 17, 2012
The City InfrastructureProperty Tax Retail Sales Jobs ROI
What are the numbers for Alachua County?
Florida Property Taxes
FOR
DUMMIES
A Reference for
North Carolinians!
Florida Prop
e
r
t
y
T
a
x
e
s
FOR
North Ca
r
o
l
i
n
i
a
n
s
Market
Value Taxable Value
Tax Rate %
Tax Bill
Taxable
Value %
X X==
This is how NC’s
system works.
Florida Prop
e
r
t
y
T
a
x
e
s
FOR
North Ca
r
o
l
i
n
i
a
n
s
Commercial
Residential
Assessed Value = $100k
Florida Prop
e
r
t
y
T
a
x
e
s
FOR
North Ca
r
o
l
i
n
i
a
n
s
Commercial
Residential
Assessed Value = $100k
4.4
4.4
City Mill Rate
Florida Prop
e
r
t
y
T
a
x
e
s
FOR
North Ca
r
o
l
i
n
i
a
n
s
Commercial
Residential
8.3
8.3
County Mill Rate
Assessed Value = $100k
Florida Prop
e
r
t
y
T
a
x
e
s
FOR
North Ca
r
o
l
i
n
i
a
n
s
Commercial
Residential
12.7
12.7
Total Mill Rate
Assessed Value = $100k
Florida Prop
e
r
t
y
T
a
x
e
s
FOR
North Ca
r
o
l
i
n
i
a
n
s
Commercial**
or Non-Primary
Residential
Residential
(Primary)
Exemptions
**Apartments too!
Assessed Value = $100k
Florida Prop
e
r
t
y
T
a
x
e
s
FOR
North Ca
r
o
l
i
n
i
a
n
s
Commercial**
or Non-Primary
Residential
Residential
(Primary)
0%
Exemptions
**Apartments too!
Assessed Value = $100k
Florida Prop
e
r
t
y
T
a
x
e
s
FOR
North Ca
r
o
l
i
n
i
a
n
s
Commercial**
or Non-Primary
Residential
Residential
(Primary)
0%
-$25,000
Exemptions
**Apartments too!
Homestead
exemption off the top.
Assessed Value = $100k
Florida Prop
e
r
t
y
T
a
x
e
s
FOR
North Ca
r
o
l
i
n
i
a
n
s
Commercial**
or Non-Primary
Residential
Residential
(Primary)
0%
Exemptions
**Apartments too!
… Plus a 2nd
Exemption!
Assessed Value = $100k
Florida Prop
e
r
t
y
T
a
x
e
s
FOR
North Ca
r
o
l
i
n
i
a
n
s
Commercial**
or Non-Primary
Residential
Residential
(Primary)
0%
-$25,000
Exemptions
**Apartments too!
… Plus a 2nd
Exemption!
Assessed Value = $100k
Florida Prop
e
r
t
y
T
a
x
e
s
FOR
North Ca
r
o
l
i
n
i
a
n
s
Commercial**
or Non-Primary
Residential
Residential
(Primary)
Actual (Market) Value = $100k
$100,000
$50,000
Taxable Value
**Apartments too!
A total exemption of
50% of value!
Florida Prop
e
r
t
y
T
a
x
e
s
FOR
North Ca
r
o
l
i
n
i
a
n
s
Commercial**
or Non-Primary
Residential
Residential
(Primary)
$100,000
$25,000
Taxable Value
**Apartments too!
If you’re a senior, you get
an additional $25k!
Assessed Value = $100k
Florida Prop
e
r
t
y
T
a
x
e
s
FOR
North Ca
r
o
l
i
n
i
a
n
s
Commercial**
or Non-Primary
Residential
Residential
(Primary)
$1,270
$635
City Property Tax
**Apartments too!
Assessed Value = $100k
Florida Prop
e
r
t
y
T
a
x
e
s
FOR
North Ca
r
o
l
i
n
i
a
n
s
Commercial**
or Non-Primary
Residential
Residential
(Primary)
$1,270
$635
City Property Tax
**Apartments too!
Commercial
pays 200% that of
residential!
Assessed Value = $100k
Wait!
There’s more!
Florida Prop
e
r
t
y
T
a
x
e
s
FOR
North Ca
r
o
l
i
n
i
a
n
s
Commercial**
or Non-Primary
Residential
Residential
(Primary)
10%
Lesser of CPI
or 3%
Annual increase value cap
**Apartments too!
Assessed Value = $100k
Florida Prop
e
r
t
y
T
a
x
e
s
FOR
North Ca
r
o
l
i
n
i
a
n
s
Commercial**
or Non-Primary
Residential
Residential
(Primary)
10%
Lesser of CPI
or 3%
Annual increase value cap
**Apartments too!
Commercial
can grow 3x more than
residential!
Assessed Value = $100k
Value Per Acre
Alachua County, FL
Gainesville, FL
Value Per Acre
The City InfrastructureProperty Tax Retail Sales Jobs ROI
Retail Taxes Per Acre
Property Taxes Per Acre
32601
Downtown
Sales Tax Productivity by Zip Code
Gainesville, FL
32603
CRA
32601 32603 32605
Taxable Acres 1,686 260 4,765
Population 18,585 6,741 22,925
Density (per acre)8 7.6
Taxable Property Value $855M $179M $1.4B
Taxable Sales $158M $21M $230M
Property Value/Acre $507k $686k $283k
Taxable Sales/Acre $94k $80k $48k
Property Value/Capita $46k $27k $59k
Taxable Sales/Capita $8k $3k $10k
32605
Northern Gainesville
Key Map
County
Zip Codes
Retail Taxes Per Acre
Property Taxes Per Acre
32601
Downtown
Sales Tax Productivity by Zip Code
Gainesville, FL
32603
CRA
32601 32603 32605
Taxable Acres 1,686 260 4,765
Population 18,585 6,741 22,925
Density (per acre)8 7.6
Taxable Property Value $855M $179M $1.4B
Taxable Sales $158M $21M $230M
Property Value/Acre $507k $686k $283k
Taxable Sales/Acre $94k $80k $48k
Property Value/Capita $46k $27k $59k
Taxable Sales/Capita $8k $3k $10k
32605
Northern Gainesville
Key Map
County
Zip Codes
What are the numbers for La Plata County?
Property Tax per Acre
Downtown Durango, CO Downtown
Durango
South Durango
Retail Tax per Acre
Downtown Durango, CO Downtown
Durango
South Durango
Total Productivity Model
Downtown Durango, CO Downtown
Durango
South Durango
Jobs per Acre
Downtown Durango, CO Downtown
Durango
South Durango
Apples to Apples
Comparing land use types
Apples to Apples
Comparing land use types
Apples to Apples
Comparing land use types
Apples to Apples
Comparing land use types
Apples to Apples
Comparing land use types
Oaks Mall
$1,494,741 per acre
8.4 acres of the Union Station would
equal the 87.5 acre Oaks Mall
Alachua County, FL
Valuation comparison
Union Station
$15,638,849 per acre
University Inn
$583,322 per acre
0.02 acres of the Hampton Inn would
equal the 1.0 acre University Inn
Alachua County, FL
Valuation comparison
Downtown Hampton Inn
$31,481,542 per acre
University Inn
$583,322 per acre
Alachua County, FL
Valuation comparison
Downtown Hampton Inn
$31,481,542 per acre
University Inn
$583,322 per acre
Alachua County, FL
Valuation comparison
Downtown Hampton Inn
$31,481,542 per acre
Hampton Inn
University Inn
$583,322 per acre
Alachua County, FL
Valuation comparison
Downtown Hampton Inn
$31,481,542 per acre
Hampton Inn
Econolodge
University Inn
$583,322 per acre
1 Hampton Inn would equal
26 University Inns
Alachua County, FL
Valuation comparison
Downtown Hampton Inn
$31,481,542 per acre
Hampton Inn
Econolodge
What are the numbers for Palm Beach County?
Taxable Value Per Acre
West Palm Beach, FL
Okeech
o
b
e
e
Bl
v
d
.
I-95
US-1
Tur
n
p
i
k
e
Jupit
er
Downto
wn
W
P
B
PB G
ar
d
e
n
s
Delray
Beach
Boca RatonLake Worth
Taxable Value Per Acre
West Palm Beach, FL
Okeech
o
b
e
e
Bl
v
d
.
I-95
US-1
Tur
n
p
i
k
e
Jupit
er
710
Downto
wn
W
P
B
PB G
ar
d
e
n
s
Delray
Beach
Boca RatonLake Worth
39.7 acres of Magnolia Court Townhouses
would equal the 599 acre Riverwalk
Magnolia Townhouses
$5,746,344 Value per Acre
Riverwalk
$380,736 value per acre
Palm Beach County
Determining Lasting Value
2.3 acres of the Anthony Building
would equal the 2.6 acre Darth Vader
Palm Beach County
Determining Lasting Value
Anthony Building
$10,492,906 value per acre
Darth Vader
$9,264,606 value per acre
Trump’s Municipal Productivity
The Donald per Acre
Trump Plaza Towers (3.4)
$29,602,278 value per acre
Mar-A-Lago (17.5)
$1,064,929 value per acre
Trump International Golf Course (279)
$0 value per acre
Trump’s Municipal Productivity
The Donald per Acre
Trump Plaza Towers (3.4)
$29,602,278 value per acre
Mar-A-Lago (17.5)
$1,064,929 value per acre
Trump International Golf Course (279)
$0 value per acre
The Donald ($119.6M on 300 acres)
$399,338 value per acre
Trump’s Municipal Productivity
The Donald per Acre
The Donald ($119.6M on 300 acres)
$399,338 value per acre
NW Neighborhood Shotgun Houses
$618,413 Value per Acre
<
What are the numbers for Redlands?
Taxable Value per Acre
Redlands, CA
I-10
I
-210
I-10
Taxable Value per Acre
Redlands, CA
I-10
I
-210
I-10
Taxable Value per Acre
Redlands, CA
I-10
I
-210
I-10
Citibank
$6,313,552/acre
Taxable Value per Acre
Redlands, CA
I-10
I
-210
I-10
$20.7m Value/Acre
Citibank
$6,313,552/acre
Walmart
$1,098,462/acre
San Bernardino County, CA
Comparative Property Tax Impact
3.18 acres of the Shoe Shop would
equal the 12.7 acre Walmart
The Shoe Repair
$4,394,852/acre
Redlands Mall
Redlands Mall Valuation
Redlands, CA
Current Taxable Value$5.6M
2017 Condition
Redlands Mall Valuation
Redlands, CA
Estimated Taxable Value$21MWhat if old buildings were maintained?
2017 Condition
Estimated Taxable Value
$21M
If old buildings were maintained, you’d have 3x more tax base.
Redlands Mall Valuation
Redlands, CA
Current Taxable Value
$5.6M
2017 Condition 1959 Buildings
Estimated Taxable Value
$21M
If old buildings were maintained, you’d have 3x more tax base.
Redlands Mall Valuation
Redlands, CA
Current Taxable Value
$5.6M
2017 Condition 1959 Buildings
Idea:
MAKE AMERICA GREAT AGAIN.
Canadians Are Different
PROTEST
GRAFFITI
Auckland, NZ
Land-use valuation-to-density study
Auckland, NZ
Land-use valuation-to-density study
New Wealth
What are the numbers for Transylvania County?
Exotic >
City Taxes Per Acre
ECONOMICS
REVENUES &
LIABILITIES
Property Tax
Sales Tax
Licensing
INVESTMENTS
Public-Private
Partnerships
EMPLOYMENT
Industry
Commerce
Tourism
Growth
UTILITIES
Services
TRANSPORT
Transit
Cycle
Auto
City Taxes Per Acre
ECONOMICS
REVENUES &
LIABILITIES
Property Tax
Sales Tax
Licensing
INVESTMENTS
Public-Private
Partnerships
EMPLOYMENT
Industry
Commerce
Tourism
Growth
UTILITIES
Services
TRANSPORT
Transit
Cycle
Auto
ENVIRONMENT
RESOURCE
CONSERVATION
Tree Canopy
Wildlife
Wetlands
Green Infrastructure
Energy Efficiency
URBAN AGRICULTURE
Allotment Gardens
Community Gardens
Roof Gardens
WATERSHED
STORMWATER
FLOOD
AIR QUALITY
Estimated Runoff Per Acre
Cubic Feet/Acre
1.5 inch rainfall over 24 hours
Source: 2007 Brevard Stormwater Master Plan
Stormwater Taxes Per Acre
Runoff Feet Per Acre
ENVIRONMENT
RESOURCE
CONSERVATION
Tree Canopy
Wildlife
Wetlands
Green Infrastructure
Energy Efficiency
URBAN AGRICULTURE
Allotment Gardens
Community Gardens
Roof Gardens
WATERSHED
STORMWATER
FLOOD
AIR QUALITY
City Taxes Per Acre
SOUTH NORTH
ENVIRONMENT
RESOURCE
CONSERVATION
Tree Canopy
Wildlife
Wetlands
Green Infrastructure
Energy Efficiency
URBAN AGRICULTURE
Allotment Gardens
Community Gardens
Roof Gardens
WATERSHED
STORMWATER
FLOOD
AIR QUALITY
ENVIRONMENT
RESOURCE
CONSERVATION
Tree Canopy
Wildlife
Wetlands
Green Infrastructure
Energy Efficiency
URBAN AGRICULTURE
Allotment Gardens
Community Gardens
Roof Gardens
WATERSHED
STORMWATER
FLOOD
AIR QUALITY
SOUTH NORTH
City Taxes Per Acre vs Cubic ft Runoff Per Acre
Productivity Ratio Difference
SOUTH NORTH
ENVIRONMENT
RESOURCE
CONSERVATION
Tree Canopy
Wildlife
Wetlands
Green Infrastructure
Energy Efficiency
URBAN AGRICULTURE
Allotment Gardens
Community Gardens
Roof Gardens
WATERSHED
STORMWATER
FLOOD
AIR QUALITY
ECONOMICS
REVENUES &
LIABILITIES
Property Tax
Sales Tax
Licensing
INVESTMENTS
Public-Private
Partnerships
EMPLOYMENT
Industry
Commerce
Tourism
Growth
UTILITIES
Services
TRANSPORT
Transit
Cycle
Auto
Forest Gate
Plaza
Downtown
187% MORE ANNUAL CITY TAXES
25% LESS RUNOFF
“You are about to show me shadows of the things that have not happened, but will happen in the time before us.”
Ebenezer Scrooge
The Ghost of Christmas Yet to Come
A Christmas Carol
What are the numbers for Gwinnett County?
(DAVID G. MASSEY/AP)4 Dirty Words in
Gwinnett County:
(DAVID G. MASSEY/AP)1.Urban
4 Dirty Words in
Gwinnett County:
(DAVID G. MASSEY/AP)1.Urban
2.City
4 Dirty Words in
Gwinnett County:
(DAVID G. MASSEY/AP)1.Urban
2.City
3.Town
4 Dirty Words in
Gwinnett County:
(DAVID G. MASSEY/AP)1.Urban
2.City
3.Town
4.Municipal
4 Dirty Words in
Gwinnett County:
= 100 peopleDensity - People per Square Mile Source:US Census
Gwinnett, GA
1,871 people/Sq. Mi.
Square mile
= 100 peopleDensity - People per Square Mile Source:US Census
Gwinnett, GA
1,871 people/Sq. Mi.
Square mile
= 100 peopleDensity - People per Square Mile Source:US Census
Gwinnett, GA
1,871 people/Sq. Mi.
DeKalb, GA
2,740 people/Sq. Mi.
Square mile
= 100 peopleDensity - People per Square Mile Source:US Census
Davidson, TN
1,243 people/Sq. Mi.
Mecklenburg, NC
1,756 people/Sq. Mi.Gwinnett, GA
1,871 people/Sq. Mi.
DeKalb, GA
2,740 people/Sq. Mi.
Square mile
Orange, NC
313 people/Sq. Mi.
Buncombe, NC
344 people/Sq. Mi.
Wake, NC
992 people/Sq. Mi.
Travis, TX
1,034 people/Sq. Mi.
Gwinnett County, GA
Total Value Per Acre
Gwinnett County, GA
Total Value Per Acre
Gwinnett County, GA
Total Value Per Acre
Gwinnett County, GA
Total Value Per Acre (elevation)
Orange County, NC
Total Value Per Acre
Orange County, NC
Total Value Per Acre
Chapel Hill
Orange County, NC
Total Value Per Acre
Carrboro Chapel Hill
Orange County, NC
Total Value Per Acre
Hillsborough Carrboro Chapel Hill
Gwinnett County, GA
Total Value Per Acre (elevation)
Downtown Row (Assessed)
Bank of Buford
$ 7,771,429/acreAssessed
$0
$125,000,000
$250,000,000
$375,000,000
$500,000,000
$7,771,429
$46,226,906$52,007,048
$110,067,562
$149,799,855
$192,000,000
$476,000,000
Highest Value of in Each Community
(Value/acre of individual parcel)
Charlotte Raleigh Chapel Hill Asheville GwinnettNashvilleAustin
County Comparisons
Total Value Per Acre
Gwinnett County, GA
Nashville LawrencevilleAustin
pop. 812,000
1,874 people/sq.mi.
Travis County, TX
pop. 1,096,000
1.034 people/sq.mi.
Davidson County, GA
pop. 648,300
1,243 people/sq.mi.
County Comparisons
Total Value Per Acre
Gwinnett County, GA
Nashville LawrencevilleAustin
pop. 812,000
1,874 people/sq.mi.
Travis County, TX
pop. 1,096,000
1.034 people/sq.mi.
Davidson County, GA
pop. 648,300
1,243 people/sq.mi.
County Comparisons
Total Value Per Acre
Gwinnett County, GA
Nashville LawrencevilleAustin
pop. 812,000
1,874 people/sq.mi.
Travis County, TX
pop. 1,096,000
1.034 people/sq.mi.
Davidson County, GA
pop. 648,300
1,243 people/sq.mi.
$192M/acre
County Comparisons
Total Value Per Acre
Gwinnett County, GA
Nashville LawrencevilleAustin
pop. 812,000
1,874 people/sq.mi.
Travis County, TX
pop. 1,096,000
1.034 people/sq.mi.
Davidson County, GA
pop. 648,300
1,243 people/sq.mi.
$192M/acre
$476M/acre
County Comparisons
Total Value Per Acre
Gwinnett County, GA
Nashville LawrencevilleAustin
pop. 812,000
1,874 people/sq.mi.
Travis County, TX
pop. 1,096,000
1.034 people/sq.mi.
Davidson County, GA
pop. 648,300
1,243 people/sq.mi.
$192M/acre
$476M/acre
$8M/acre
>
Greenway
Art Teacher
Dancing Traffic Cop
The City InfrastructureProperty Tax Retail Sales Jobs ROI
The City InfrastructureProperty Tax Retail Sales Jobs ROI
What are the numbers for Peoria County?
Land Use Analysis
Peoria County, IL
Water
Land Use Analysis
Peoria County, IL
Water
Vegetation
Land Use Analysis
Peoria County, IL
Water
Vegetation
Roads/Transport
Land Use Analysis
Peoria County, IL
Water
Vegetation
Roads/Transport
Parking
Driveway
Land Use Analysis
Peoria County, IL
Water
Vegetation
Roads/Transport
Parking
Driveway
Buildings
Land Use Analysis
Peoria County, IL
Water
Vegetation
Roads/Transport
Parking
Driveway
Buildings
Land Use Analysis
Peoria County, IL
What is Parking?
Measuring space
What is Parking?
Measuring space
What is Parking?
Measuring space
Average Building
1,172 sq.ft.
Average Parking (2.5 spaces)
875 sq.ft.
What is Parking?
Measuring space$34.60/square foot
What is Parking?
Measuring space$34.60/square foot
$1.40/square foot
What is Parking?
Measuring space$34.60/square foot
$1.40/square foot
What is Parking?
Measuring space$34.60/square foot
-$8.97 / square foot $1.40/square foot
Land Use Analysis
Peoria, IL
Land Use Analysis
Peoria, IL
Land Use Analysis
Peoria, ILMallGlen Hollow Shopping
Land Use Analysis
Peoria, ILMallGlen Hollow Shopping
Land Use Analysis
Peoria, IL
Land Use Analysis
Peoria, IL
Land Use Analysis
Peoria County, IL
Type Area
(sq. miles)Revenue or Cost
Land Use Analysis
Peoria County, IL
Buildings
Type Area
(sq. miles)Revenue or Cost
Land Use Analysis
Peoria County, IL
Buildings
Parking
Type Area
(sq. miles)Revenue or Cost
Land Use Analysis
Peoria County, IL
Buildings
Parking
Roads
Type Area
(sq. miles)Revenue or Cost
Land Use Analysis
Peoria County, IL
Buildings
Parking
Roads
Buildings
Type Area
(sq. miles)Revenue or Cost
8.6
Land Use Analysis
Peoria County, IL
Buildings
Parking
Roads
Buildings
Parking
Type Area
(sq. miles)Revenue or Cost
8.6
9.0
Land Use Analysis
Peoria County, IL
Buildings
Parking
Roads
Buildings
Parking
Roads
Type Area
(sq. miles)Revenue or Cost
8.6
9.0
12.4
Land Use Analysis
Peoria County, IL
Buildings
Parking
Roads
Buildings
Parking
Roads
All
Else
Type Area
(sq. miles)Revenue or Cost
8.6
9.0
12.4
540
Land Use Analysis
Peoria County, IL
Buildings
Parking
Roads
Buildings
Parking
Roads
All
Else
Type Area
(sq. miles)Revenue or Cost
8.6 $8,300 million
9.0
12.4
540
Land Use Analysis
Peoria County, IL
Buildings
Parking
Roads
Buildings
Parking
Roads
All
Else
Type Area
(sq. miles)Revenue or Cost
8.6 $8,300 million
$355 million9.0
12.4
540
Land Use Analysis
Peoria County, IL
Buildings
Parking
Roads
Buildings
Parking
Roads
All
Else
Type Area
(sq. miles)Revenue or Cost
8.6 $8,300 million
$355 million
- $3,100 million
9.0
12.4
540
Land Use Analysis
Peoria County, IL
Buildings
Parking
Roads
Buildings
Parking
Roads
All
Else
Type Area
(sq. miles)Revenue or Cost
8.6 $8,300 million
$355 million
- $3,100 million
$2,000 million
9.0
12.4
540
Land Use Analysis
Peoria County, IL
Buildings
Parking
Roads
Buildings
Parking
Roads
All
Else
Type Area
(sq. miles)Revenue or Cost/Sq.Mile
8.6
9.0
12.4
540
Land Use Analysis
Peoria County, IL
Buildings
Parking
Roads
Buildings
Parking
Roads
All
Else
Type Area
(sq. miles)Revenue or Cost/Sq.Mile
8.6 $965 million
9.0
12.4
540
Land Use Analysis
Peoria County, IL
Buildings
Parking
Roads
Buildings
Parking
Roads
All
Else
Type Area
(sq. miles)Revenue or Cost/Sq.Mile
8.6 $965 million
$39 million9.0
12.4
540
Land Use Analysis
Peoria County, IL
Buildings
Parking
Roads
Buildings
Parking
Roads
All
Else
Type Area
(sq. miles)Revenue or Cost/Sq.Mile
8.6 $965 million
$39 million
- $250 million
9.0
12.4
540
Land Use Analysis
Peoria County, IL
Buildings
Parking
Roads
Buildings
Parking
Roads
All
Else
Type Area
(sq. miles)Revenue or Cost/Sq.Mile
8.6 $965 million
$39 million
- $250 million
$4 million
9.0
12.4
540
Peoria County, IL
Infrastructure Investment
Two Lane Road
Avg. Walmart $677,000 /acre
Photo: Barry Chowka
Photo: Barry Chowka
The City InfrastructureProperty Tax Retail Sales Jobs ROI
The City InfrastructureProperty Tax Retail Sales Jobs ROI
Lafayette, LA
Lafayette, LA
“It's déjà vu all over again” - Yogi Berra
Lafayette, LA
“It's déjà vu all over again” - Yogi Berra
Lafayette, LA
“It's déjà vu all over again” - Yogi Berra
Lafayette, LA
“It's déjà vu all over again” - Yogi Berra
Property Taxes Per Acre
Lafayette Parish, LA
Vermillion
I-10
JohnstonI-49
Pavement
Network Distribution Methodology
Lafayette Parish, LA
I-10
JohnstonI-49System Weighted
This is the relative necessity of
all trips in the network.
* Computer simulation
Source: LCG/LUS/MPO
The Scale of Lafayette Roads
Versus New Orleans
DrivewaysPublicly Funded and Maintained
“It’s not where you live;
it’s what you believe.”
Jared Bellerd
Lafayette Coucilman
“It’s not where you live;
it’s what you believe.”
Jared Bellerd
Lafayette Coucilman
There is no such thing as an infrastructure fairy.
Kevin Blanchard
World’s Greatest Public Works Director
“It’s not where you live;
it’s what you believe.”
Jared Bellerd
Lafayette Coucilman
There is no such thing as an infrastructure fairy.
Kevin Blanchard
World’s Greatest Public Works Director
Assets*
* According to the Municipal Finance Standards (CAFR)
Assets*
* According to the Municipal Finance Standards (CAFR)
Assets*
* According to the Municipal Finance Standards (CAFR)
Assets*
* According to the Municipal Finance Standards (CAFR)
Assets*
* According to the Municipal Finance Standards (CAFR)
'(1,000,000,000)
'(750,000,000)
'(500,000,000)
'(250,000,000)
'-
250,000,000
1960 1962 1964 1966 1968 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 2042 2044 2046 2048 2050 2052 2054 2056 2058
Accumulated Road Fees
Capital Revenue (Sales Tax)
Can Retail Taxes Catch Up to Road Expense?
Lafayette Parish, LA
'(1,000,000,000)
'(750,000,000)
'(500,000,000)
'(250,000,000)
'-
250,000,000
1960 1962 1964 1966 1968 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 2042 2044 2046 2048 2050 2052 2054 2056 2058
Accumulated Road Fees
Capital Revenue (Sales Tax)
Can Retail Taxes Catch Up to Road Expense?
Lafayette Parish, LA
Road CostCapital Revenue
($990,281,226)$55,585,797
Accumulated 50 Year Total
(2015) Lafayette, LA
Road CostCapital Revenue
17.8x
($990,281,226)$55,585,797
Accumulated 50 Year Total
(2015) Lafayette, LA
Road CostCapital Revenue
($990,281,226)$55,585,797
This is
committed to
debt service
17.8x
Accumulated 50 Year Total
(2015) Lafayette, LA
Expense and Revenue Ratio
Lafayette Parish, LA
Downtown
Revenues
Expenses
Expense and Revenue Ratio
Lafayette Parish, LA
Downtown
Net Positive
Net Negative
Operating Expense Ratio
Lafayette Parish, LA Downtown
River Ranch
Mall
Operating Expense Ratio (Total)
Lafayette Parish, LA
Mall
Downtown
Operating Expense Ratio (Total)
Lafayette Parish, LA
Mall
Downtown
1949
Feet of pipe/person Fire Hydrants/1,000 people
33,500
Population
Source: Sanborn Maps and LCG Records
1949
Feet of pipe/person Fire Hydrants/1,000 people
5
33,500
Population
Source: Sanborn Maps and LCG Records
1949
Feet of pipe/person Fire Hydrants/1,000 people
2.45
33,500
Population
Source: Sanborn Maps and LCG Records
1949
Feet of pipe/person
2015
Fire Hydrants/1,000 people
2.45
33,500
Population
Source: Sanborn Maps and LCG Records
1949
Feet of pipe/person
2015
Fire Hydrants/1,000 people
2.45
121,000
33,500
Population
Source: Sanborn Maps and LCG Records
1949
Feet of pipe/person
2015
Fire Hydrants/1,000 people
2.45
50
121,000
33,500
Population
Source: Sanborn Maps and LCG Records
1949
Feet of pipe/person
2015
Fire Hydrants/1,000 people
51.3
2.45
50
121,000
33,500
Population
Source: Sanborn Maps and LCG Records
1949
Feet of pipe/person
2015
Fire Hydrants/1,000 people
51.3
2.45
50
121,000
33,500
350%
Population
Source: Sanborn Maps and LCG Records
1949
Feet of pipe/person
2015
Fire Hydrants/1,000 people
51.3
2.45
50
121,000
33,500
350%1,000%
Population
Source: Sanborn Maps and LCG Records
1949
Feet of pipe/person
2015
Fire Hydrants/1,000 people
51.3
2.45
50
121,000
33,500
350%1,000%2,140%
Population
Source: Sanborn Maps and LCG Records
Your Median Household income
Source: US Census Bureau and Stanfrod University adjusted to 2015 net present value.
Feet of pipe/person
Fire Hydrants/1,000 people
350%
1,000%
2,140%
Population
Your Median Household income
Source: US Census Bureau and Stanfrod University adjusted to 2015 net present value.
Feet of pipe/person
Fire Hydrants/1,000 people
350%
1,000%
2,140%
Population
1950
Your Median Household income
$27,700
Source: US Census Bureau and Stanfrod University adjusted to 2015 net present value.
Feet of pipe/person
Fire Hydrants/1,000 people
350%
1,000%
2,140%
Population
1950
Your Median Household income
$27,700
Source: US Census Bureau and Stanfrod University adjusted to 2015 net present value.
Feet of pipe/person
Fire Hydrants/1,000 people
350%
1,000%
2,140%
Population
1950
2015
Your Median Household income
$27,700
Source: US Census Bureau and Stanfrod University adjusted to 2015 net present value.
Feet of pipe/person
Fire Hydrants/1,000 people
350%
1,000%
2,140%
Population
1950
2015
$45,000
Your Median Household income
$27,700
Source: US Census Bureau and Stanfrod University adjusted to 2015 net present value.
160%
Feet of pipe/person
Fire Hydrants/1,000 people
350%
1,000%
2,140%
Population
1950
2015
$45,000
Behavioral Economics
Dell Avenue
Map:
Neil Thomas
Resource Data, Inc.
Analyst:
Derek Sanders
Tax
Code
MARKET FORCES
Houses from the Middle Ages corbelled wood-sides to avoid
paying a tax based on the ground level surface.
People added on more space by stacking up larger and larger
floors. Some houses that faced each other would nearly touch
each other, which increased the risk of fires spreading!
King Francois I banned this type of architecture (1515-1547).
Photo: Alija
Photo: Alija
Honfleur, NormandyCorbellment
The Window Tax
1696-1851, by King William III
Window tax consisted of:
1. a flat-rate house tax per house and,
2. a variable tax for # windows > 10
3. Between 10 and 20 = 4 shillings, and
4. Those > 20 = 8 shillings.
At the time, only the number of floors
below the “roof”, were considered part
of the building.
François Mansart, architect
(1598–1666)
His treatment of high roof stories gave
rise to the term “Mansard roof"
Photo: Alija
Photo: Alija
Public Policy
If you can’t measure it,
you can’t
manage it.
Mayor Michael Bloomberg
Panthers
$170M
Lightning
$174M
Source (2013): forbes.com
>
Heat
$625M
Jaguars
$840M
Marlins
$520M
Rays
$451M
Dolphins
$1.1B
Bucs
$1.1B
Asheville
$12.8B Taxable Value
Source (2013): forbes.com
Ft. Myers, FL (2016)
$21.8B
=
Bucs (19.8)
$1.1B
Source (2013): forbes.com
Collier County, FL (2016)
$83.6 B
=
Bucs (76)
$1.1B
Micky ArisonJamis
Winston
Malcolm Glazer
Micky ArisonJamis
Winston
Malcolm Glazer
The City InfrastructureProperty Tax Retail Sales Jobs ROI
Geoaccounting
I bought a boat
Suburban bias is
baked into the
system.
Thomas Edison
There’s a way to
do it better - find it.
THE FUNDAMENTAL ISSUE IS THAT
INEFFICIENT USE OF LAND COSTS
MORE THAN EFFICIENT USE OF LAND.
SIMPLY PUT, BUY MORE STUFF AND IT
COSTS MORE TO MAINTAIN.
If you don’t confront
the brutal facts,
they’re going to
confront you!
Facts Matter.
Jim Collins
Keynote address at 2017 GFOA
DO THE MATH
Total Value Per Acre
Hamilton County, TN
PRELIMINARY SITE PLAN PRELIMINARY
SITE
PLAN
PS-7
VICINITY MAP
SITE
ZONING INFORMATION
SITE ANALYSIS
PRELIMINARY SITE PLAN PRELIMINARY
SITE
PLAN
PS-7
VICINITY MAP
SITE
ZONING INFORMATION
SITE ANALYSIS
Opportunity Cost Analysis
Chattanooga, TN
Proposed Site Plan
Opportunity Cost Analysis
Chattanooga, TN
Northshore Neighborhood
Site
Downtown Districts
Opportunity Cost Analysis
Chattanooga, TN
Northshore Neighborhood
Mixed-Use Comps
Site
Downtown Districts
Opportunity Cost Analysis
Chattanooga, TN
Northshore Neighborhood
Mixed-Use Comps
Greenlife
Grocery
Site
Downtown Districts
Opportunity Cost Analysis
Chattanooga, TN
Northshore Neighborhood
Mixed-Use Comps
Townhouses
Townhouses
Greenlife
Grocery
Site
Downtown Districts
Publix on Brainerd
48,515 Square Feet
Publix at Ooletwah
54,720 Square Feet
Opportunity Cost Analysis
Chattanooga, TN
Local Publix Comps
417 Frazier
Residential Above Retail
100 Frazier
Office Above Retail
Opportunity Cost Analysis
Chattanooga, TN
Northshore Infill Comps
Opportunity Cost Analysis
Chattanooga, TN
Northshore Grocery Comps
G
r
o
c
e
r
y
Li
n
e
r
Grocery Entry
Opportunity Cost Analysis
Chattanooga, TN
Miami Beach Publix Comp
Carlos Zapata, Architect
1920 West Avenue
48,000 sq,ft,
Built 1998
Front Door
Front Door
Ramps to
parking on roof.
Escalators to parking
Opportunity Cost Analysis
Chattanooga, TN
West Palm Beach Publix Comp
Built 2002 at ULI Award Winning CityPlace
Back Door
(is really the front)
Door on the street
Main door facing parking with
townhouses across the street.
27,040 sq.ft.
Opportunity Cost Analysis
Chattanooga, TN
Local Publix Comps
Site Boundary
+34’
+0’
+6’
+9’
+11’+14’+24’
+29’
+29’
+26’+14’
+10’
+10’
+10’
Opportunity Cost Analysis
Chattanooga, TN
#1 - Proposed Site Plan
Publix
Parking
Frazier Buildings
1 Story Commercial
Townhouses
Notes:
Removes streets and grades site.
Retaining walls on East property line
and behind building.
Est. Annual Property Taxes
City - $44,827
County - $27,036
Publix
Commercial
46,013 s.f.
234 total
0
2,500 sf
0
Opportunity Cost Analysis
Chattanooga, TN
#1 - Proposed Site Plan
Parking
Publix
Market
Str
e
et
Publix
Parking
Frazier Buildings
1 Story Commercial
Townhouses
Notes:
Removes streets and grades site.
Retaining walls on East property line
and behind building and builds
townhouses on the retaining wall.
Publix
Commercial417 Frazier
417 Frazier
Northside Comp Townhouses
Opportunity Cost Analysis
Chattanooga, TN
#2 - Proposed Site PLUS
Est. Annual Property Taxes
City - $154,435
County - $93,142
46,013 s.f.
214 total
2
6,700 sf
22
417 Frazier
417 Frazier
Northside Comp Townhouses
Opportunity Cost Analysis
Chattanooga, TN
#2 - Proposed Site PLUS
Parking
Publix
Market
Str
e
et
Publix
Parking
Frazier Buildings
1 Story Commercial
Townhouses
Publix
Commercial
417 Frazier 417 Frazier
Northside Comp Townhouses
Opportunity Cost Analysis
Chattanooga, TN
#3 - Greenlife Footprint
Est. Annual Property Taxes
City - $253,041
County - $152,614
Notes:
Keeps existing grades and all internal
streets.
Future Site
Commercial
Future Site
Commercial
36,432 s.f.
164 total
2
6,885 sf
42
417 Frazier
417 Frazier
Northside Comp Townhouses
Opportunity Cost Analysis
Chattanooga, TN
#3 - Greenlife Footprint
Parking
Publix
Market Street
Notes:
Keeps existing grades and all internal
streets.
Adds structured parking above Publix,
utilizing grade change.
Publix
Parking
Frazier Buildings
1 Story Commercial
Townhouses Publix
417 Frazier417 Frazier
Northside Comp Townhouses
Opportunity Cost Analysis
Chattanooga, TN
#4 - Miami Beach Publix
Est. Annual Property Taxes
City - $357,746
County - $215,746
417 Frazier .5 Frazier .5 Frazier
48,000 s.f.
320 structured
90 surface
4
0 sf
24
417 Frazier
417 Frazier
Northside Comp Townhouses
Opportunity Cost Analysis
Chattanooga, TN
#4 - Miami Beach Publix
Parking
Publix
Market Street
417 Frazier
Notes:
Keep topo as is, with some grading to
provide parking under townhouses.
Keep all streets, use alley path as loading
circulator, and keep trucks out of
residential.
Publix
Parking
Frazier Buildings
1 Story Commercial
Townhouses
Publix Commercial
417 Frazier 417 Frazier
Northside Comp Townhouses
Opportunity Cost Analysis
Chattanooga, TN
#5 - West Palm Beach Publix
Est. Annual Property Taxes
City - $306,462
County - $184,833
.75x
417 Frazier
ParkingParking
27,040 s.f.
229 total
2.75
2,000 sf
42
417 Frazier
417 Frazier
Northside Comp Townhouses
Opportunity Cost Analysis
Chattanooga, TN
#5 - West Palm Beach Publix
Parking
Publix
Market Street
Publix
Parking
Frazier Buildings
1 Story Commercial
Townhouses
Commercial
345 Frazier 417 Frazier
Northside Comp Townhouses
Opportunity Cost Analysis
Chattanooga, TN
#5 - No Grocery Scenario
Est. Annual Property Taxes
City - $305,749
County - $184,403
Notes:
Keeps existing grades and all internal
streets.
Future Site
Commercial
Notes:
Keep topo as is and streets as is.Maintain existing street417 Frazier
0
200 total
2
11,435 s.f.
54
417 Frazier
417 Frazier
Northside Comp Townhouses
Opportunity Cost Analysis
Chattanooga, TN
#5 - No Grocery Scenario
Parking
Market Street435 Frazier
Site As Is No BuildAs ProposedPublix PlusGreenlife FootprintMiami Beach CompWPB CompNo Publix$306,462
$44,827
$13,416
Mixed-Use
Existing
Total Annual City Property Tax Production
Commercial
Site As Is No BuildAs ProposedPublix PlusGreenlife FootprintMiami Beach CompWPB CompNo Publix$154,435
$44,827
$13,416
Mixed-Use
Existing
Total Annual City Property Tax Production
Commercial
Site As Is No BuildAs ProposedPublix PlusGreenlife FootprintMiami Beach CompWPB CompNo Publix$253,041
$154,435
$44,827
$13,416
Mixed-Use
Existing
Total Annual City Property Tax Production
Commercial
Site As Is No BuildAs ProposedPublix PlusGreenlife FootprintMiami Beach CompWPB CompNo Publix$357,746
$253,041
$154,435
$44,827
$13,416
Mixed-Use
Existing
Total Annual City Property Tax Production
Commercial
Site As Is No BuildAs ProposedPublix PlusGreenlife FootprintMiami Beach CompWPB CompNo Publix$306,462
$357,746
$253,041
$154,435
$44,827
$13,416
Mixed-Use
Existing
Total Annual City Property Tax Production
Commercial
Site As Is No BuildAs ProposedPublix PlusGreenlife FootprintMiami Beach CompWPB CompNo Publix$305,749$306,462
$357,746
$253,041
$154,435
$44,827
$13,416
Mixed-Use
Existing
Total Annual City Property Tax Production
Commercial
Site As Is No BuildAs ProposedPublix PlusGreenlife FootprintMiami Beach CompWPB CompNo Publix$305,749$306,462
$357,746
$253,041
$154,435
$44,827
$13,416
Mixed-Use
Existing
Total Annual City Property Tax Production
Commercial
Total Annual City Property Tax Production
Est. Annual Property Taxes
City - $44,827
County - $27,036
Est. Annual Property Taxes
City - $253,041
County - $152,614
Market
Str
e
et
Market
Str
e
et
Thank you
Chris Wilkins!
As Proposed Greenlife Precedent
Site As Is No BuildAs ProposedPublix PlusGreenlife FootprintMiami Beach CompWPB CompNo Publix$305,749$306,462
$357,746
$253,041
$154,435
$44,827
$13,416
Mixed-Use
Existing
Total Annual City Property Tax Production
Commercial
Site As Is No BuildAs ProposedPublix PlusGreenlife FootprintMiami Beach CompWPB CompNo Publix$6,114,980$6,129,240
$7,154,920
$5,060,820
$3,088,700
$896,540
$268,320
Mixed-Use
Existing
20 Year - NPV City Property Tax Production
Commercial
Site As Is No BuildAs ProposedPublix PlusGreenlife FootprintMiami Beach CompWPB CompNo Publix$6,114,980$6,129,240
$7,154,920
$5,060,820
$3,088,700
$896,540
$268,320
Mixed-Use
Existing
20 Year - NPV City Property Tax Production
Commercial
$2 Million
Site As Is No BuildAs ProposedPublix PlusGreenlife FootprintMiami Beach CompWPB CompNo Publix$6,114,980$6,129,240
$7,154,920
$5,060,820
$3,088,700
$896,540
$268,320
Mixed-Use
Existing
20 Year - NPV City Property Tax Production
Commercial
$2 Million$2.2 Million
America is addicted
to oil.
President George W. Bush
State of the Union
January 31, 2006
America is addicted
to suburbia.
This is a Test
Cognitive Test by Tal Ben-Shahar
1914
1914
1909
1909
1909
1909
1909
Me!
Me!
My hotel
Me!
My hotel
Campus is in there
somewhere.
Campus is in there
somewhere.
Campus is in there
somewhere.My hotel
Campus is in there
somewhere.
Me!
What are the numbers for Lee County?
What are the numbers for Lee County?
2015
County Tax per Acre
Ft. Myers Building Types
2015
2015
County Tax per Acre
Ft. Myers Building Types
2015
County Tax per Acre
Ft. Myers Building Types
2015
County Tax per Acre
Ft. Myers Building Types
2015
County Tax per Acre
Ft. Myers Building Types
2015
County Tax per Acre
Ft. Myers Building Types
2015
County Tax per Acre
Ft. Myers Building Types
2015
County Tax per Acre
Ft. Myers Building Types
2015
County Tax per Acre
Ft. Myers Building Types
2015
County Tax per Acre
Ft. Myers Building Types
2015
County Tax per Acre
Ft. Myers Building Types