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Wouldn’t the City make more money selling its property if taller heights were allowed?

April 26, 2017allowed city heights money Property Selling taller

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Wouldn’t the City make more money selling its property if taller heights were allowed?

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A. Probably, but not necessarily. The short term extra income from a site with a tower may ultimately be lower when compared with the overall long term gain from establishing an extension of the existing commercial and residential fabric. Such new development would strengthen the existing commercial and residential areas rather than sacrificing the established areas for the short term gain of the new construction.