Tying growth to our economic success:
We make choices for our future city budgets, when we empower or dis-empower certain types of development.
In any city, there is an inherent municipal cost to different development patterns. The way in which we look at land, and how we look at the way buildings on that land operate economically, is critically important to a city’s cash flow. Those investments that a community wants to make, anything from education to parks: there must be a healthy and sustaining municipal cash flow to pay for those investments.
When we look at the buildings that Brevard’s predecessors invested in, we see that they have been in the city’s portfolio producing high revenue yield on a per acre basis, in some cases for close to 100 years. By contrast, Walmart readily advertises that they only intend to be in one of their self-proclaimed “cheap” buildings for 15 years. And so we must be aware, when we make these discretionary choices in what development we support, that there are trade-offs involved.
The following presentation was given by Joe Minicozzi AICP, of the firm Urban3, in December 2014 at a Council Workshop on Planning, detailing these considerations both in general and for the City of Brevard specifically.