At noon today I attended a seminar on the economics of town development. The speakers were sponsored by the town, county and chamber of commerce. The argument they presented was that most suburban development both residential and commercial require a very long time to pay back the costs of maintaining the initial infrastructure much less the general government cost of services. They analyzed the tax value/acre of land of various properties in town. Multiple store buildings create the greatest value although the Spotted Dog also was high in their calculations. Box stores like Walmart rated relatively low on their scale. Implied by their presentation is that the cost benefit formulas used for residential, commercial and industrial are misleading. By the way the title of their talk: Dollars and Sense is a name of a magazine I've subscribed to for years. It is edited by a "collective of economists, journalists and activists who are committed to social justice and economic democracy." www.dollarsandsense.org
Loren
