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To encourage development I would first change zoning and permits to allow building high density (preferably mixed use) housing. Second I would change the property tax structure so that land itself was taxed much higher but the improvements/developments on the land weren't taxed on top of that. This would discourage speculators from just sitting on underdeveloped property waiting for prices to rise. Either develop it or sell it to someone who will. Just holding on to it wouldn't be worth the tax burden.
nelson fucked around with this message at 03:44 on Oct 20, 2014 |
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Oct 20, 2014 03:37
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An alternative to eminent domain. I'll quote myself since it was lost at the bottom of the previous page.nelson posted:To encourage development I would first change zoning and permits to allow building high density (preferably mixed use) housing. Second I would change the property tax structure so that land itself was taxed much higher but the improvements/developments on the land weren't taxed on top of that. This would discourage speculators from just sitting on underdeveloped property waiting for prices to rise. Either develop it or sell it to someone who will. Just holding on to it wouldn't be worth the tax burden.
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Oct 21, 2014 12:39
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