How much tax revenue will future development bring?
Both cities and developers want to understand the potential value of new development. Through our analysis, clients can quantify and visualize the impact of development scenarios proposed by urban designers or architects, or through market analyses.
This work enables our municipal clients to make informed infrastructure investments: how will new transit, improved streets or bicycle and pedestrian facilities create more tax revenue? This can be invaluable during a comprehensive, downtown or corridor planning process, as stakeholders choose what types of new growth they want to see in their community.
For developers, having hard data on the added tax value of a new real estate project can be invaluable during negotiations with cities and counties, and help put to rest local concerns during public input sessions. We utilize ESRI software and Urban Footprint for our scenario projection analyses.
Visualize and simplify all available pro forma and municipal budget documents
Understand the future revenue impacts of proposed new development projects at the parcel level, by use type
Visualize Tax Increment Financing (TIF) district analysis projections
Identify the net municipal revenue impact of private development resulting from adjacent public infrastructure investment