Angie Schmitt  |  dc.streets.blog

Walkable development pays — that’s the conclusion of a study recently outlined in Planetizen. For cities and towns facing tight budgets — just about everywhere in the United States right now — the smart way to boost tax revenue is to encourage mixed-use, walkable development, as the above graphic amply illustrates.

The for-profit development company Public Interest Projects (PIP) reports that urbanism produces much more tax revenue for localities than sprawl. Analyzing tax data around Asheville, North Carolina, the research team found that downtowns — places with the most places to shop per acre — often subsidize the more suburban parts of the community. In places like Asheville, mixed-use developments offered up to eight times (or more) the tax revenue per acre of a Super Walmart. {…}