{"id":262306594,"date":"2013-04-24T22:56:34","date_gmt":"2013-04-24T22:56:34","guid":{"rendered":"https:\/\/wp.baltimorespokes.org\/?p=262306594"},"modified":"2013-04-24T22:56:34","modified_gmt":"2013-04-24T22:56:34","slug":"city-as-banker-and-venture-capitalist","status":"publish","type":"post","link":"https:\/\/wp.baltimorespokes.org\/?p=262306594","title":{"rendered":"City as banker and venture capitalist"},"content":{"rendered":"

[B’ Spokes: I’ll pull a couple of examples from this article that I think the Baltimore area needs to pay attention to. And for those of you not familiar with Strong Towns, a stroad is something that is supposed to function as a street and a road but fails at both miserably.]<\/em><\/p>\n

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By CHARLES MAROHN, Strong Towns<\/p>\n

…<\/p>\n

Examples #2:<\/strong> A street in a city is in disrepair and a maintenance project is planned. In evaluating the project, it is discovered that new growth and a rise in property values along the street has doubled the revenue the city is getting from within the project area to $400,000 per year. An enhancement that would widen sidewalks, installed decorative lighting and make other improvements would add $50,000 per year to the long term costs of the project, bringing the total annual cost to $100,000 per year. The city goes ahead with the project with the knowledge that the tax base has grown a sufficient amount to cover the long term costs.<\/p>\n

Example #3<\/strong>: A STROAD runs through the city, bisecting two neighborhoods in a way that artificially separates them. Development along the STROAD is not very productive, providing an annual revenue stream of only $400,000. The cost to maintain the STROAD alone is $600,000 per year, which does not include costs for policing, responding to accidents and other normal city costs. The city secures a grant from the federal and state governments to put the STROAD on a road diet, narrowing the overall surface, connecting the adjacent neighborhoods and improving the overall prospects for the corridor. As a result of the project, the annual cost to maintain the STROAD (now a street) decreases to $300,000, an amount now covered by the corridor’s revenue stream. The growth in value expected along the corridor — if it materializes — will only enhance the city’s already marginally-positive position.<\/p>\n

…<\/p>\n

https:\/\/www.strongtowns.org\/journal\/2013\/4\/8\/city-as-banker-and-venture-capitalist.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

[B’ Spokes: I’ll pull a couple of examples from this article that I think the Baltimore area needs to pay attention to. And for those of you not familiar with Strong Towns, a stroad is something that is supposed to function as a street and a road but fails at both miserably.] By CHARLES MAROHN, … <\/p>\n

Continue reading “City as banker and venture capitalist”<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"1","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-262306594","post","type-post","status-publish","format-standard","hentry","category-biking-elsewhere"],"_links":{"self":[{"href":"https:\/\/wp.baltimorespokes.org\/index.php?rest_route=\/wp\/v2\/posts\/262306594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wp.baltimorespokes.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wp.baltimorespokes.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wp.baltimorespokes.org\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/wp.baltimorespokes.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=262306594"}],"version-history":[{"count":0,"href":"https:\/\/wp.baltimorespokes.org\/index.php?rest_route=\/wp\/v2\/posts\/262306594\/revisions"}],"wp:attachment":[{"href":"https:\/\/wp.baltimorespokes.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=262306594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wp.baltimorespokes.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=262306594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wp.baltimorespokes.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=262306594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}