Summary
A new study for the McKnight Foundation turns the tables on the well-established idea that bigger lot sizes in residential developments mean higher property values.
The report, The Economic Value of Open Space, to be released today, concludes that open space next to residential developments carries a higher economic value than previously thought.See the full content of this document
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Density, Open Space Have High Economic Value for Residential Properties
Most developers already know that open space will often increase the taxable value of adjacent and nearby residential properties.
But what's more hidden, and what the study's data bring out, is that a clustered, higher-density development within broader swaths of open space will fatten everybody's wallet - developer, city and ...See the full content of this document
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