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MUNICIPAL LAND AND ECONOMICS.

 

 (This is an excerpt from a book that I'm writing on the Economics of urban land and urban planning).  So local city planners and city managers, please pay attention, in case the book doesn’t get finished.

 

Small towns and suburbs are in a sense just as much economic entities as nations are except that they don’t print money.

 

It is my premise, first of all that economy basically is land.  And most economic action is based on “land ownership” or an actual control that is exercised over the use of land. 

 

I’m using the small community for my example here because this precept is easier to understood in the form of a simpler local-type concept at first. 

 

Let’s assume that a suburb was recently incorporated and it established a zoning ordinance and subdivision ordinance borrowed or copied from a local neighbor along with its own a street plan as “a bare bones long range plan.”

 

This would give the newly hired city planner and planning commission authority over how to develop a proposed 30-acre parcel brought in for development.  In a sense the municipality becomes controller over its development and its use.

 

The economy of that community is now based on how all the land within its boundaries is to be used and developed.  The community’s revenue is based on its property tax base, so its control over all the land comes over a variety of sources.

 

This quite simply takes us into the subject matter of land as the basis of economy. 

Land is the community'a economy. 

(More in the next blog).

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