Urban3 is gaining more and more press in communities around the country. An article in Forbes’ Citi’sVoice, written by Darren Dahl highlight Urban3’s work as a potential paradigm shift in land use economics. The numbers are beginning to show that large-scale suburban development patterns are economically unsustainable.
Joe Minicozzi, Principal of Urban3, breaks it down. “Cities are human inventions that are thousands of years old. The creation of suburbs is a recent phenomenon and we’re struggling how to pay for them.” Suburban sprawl not only costs more to maintain, as Chuck Marohn of StrongTowns illustrates, but it produces less tax revenue on a per-acre basis than downtown-style development. Joe’s work from the Sonoran Institute found that in nine communities across Mountain West, downtown parcels, on average, produce 5x the property tax revenue as conventional single-use commercial properties on the town fringe.