Public Asset Valuation
As the local governments consider how to fund much-needed infrastructure investment, the public wealth of cities is a new idea championed by economist Dag Detter. Urban3 worked with Detter to create Public Asset Valuations for several cities and counties. These analyses create innovative ways of funding infrastructure and boosting local economic growth. By leveraging their existing holdings, public entities can utilize their development to balance community health and advance public policy goals.
Our work helps visually create the platform from which public entities can begin to determine how to provide fiscally prudent management of municipal assets for the public good.
Gain a holistic understanding of all publicly owned land
Receive a model of projections on the potential value of all land, viewed as a real estate portfolio
Visualize development scenarios for priority sites, based on existing project typologies in the marketplace
Identify the net municipal revenue impact of potential private development
Take steps to create a Public Wealth Fund to manage community real estate assets