Page 1

F O R

How to Generate More Revenue ler Spoi rt! Ale

The Answer is Develop Downtown

$34.9M per acre

$198K

One Lincoln Center

per acre

Walmart, Camillus NY

.48 acres

59.5 acres

1

497,920

2

ACRES

1

Onondaga County

Stack Uses

There’s only so much land in Onondaga County. Being able to measure impacts of land use decisions means we’re better able to manage policies and how they affect our community.

The more efficiently we use our land, the more tax productivity we have on that land…generating more money for our community!

Source: US Census Bureau

1

$900K

TAX YIELD PER ACRE

68

$2.6M

TAX YIELD PER ACRE

.76

ACRE FOOTPRINT

SHOPPINGTOWN MALL

3

ACRE FOOTPRINT

CENTER ARMORY

4 Density Increases Revenue Stacking uses allows for greater tax revenue to be generated on the same footprint of land, providing more returns to our community than single-story structures. More people can fit in this footprint, too – Downtown Syracuse is the employment hub of the region. More than 27,000 people work here.

Compare Apples to Apples It’s difficult to compare projects to projects. Simplify the math to better compare tax productivity impacts using a common factor, such as tax productivity per acre.

9.5%

7.6%

property tax

retail sales tax

.13%

1.6%

land area

city’s footprint

5

6 Density Matters

Downtown utilizes 0.13% of the County’s land area, yet produces 7.6% of its retail sales taxes. Downtown shines! A dense downtown provides incredible financial returns for our community giving our region character with the unique businesses located here. That character draws residents and visitors.

Support the Core

We’ve got a tremendous asset in the density of modern and historic buildings in Downtown Syracuse. Downtown utilizes 1.6% of the City’s total land area and produces 9.5% of the property taxes…We’re a pretty significant revenue generator for our community!

Let’s Build Off Of Our Existing Assets To Generate Incredible Returns For Our Community

!

Cheat Sheet for How To Generate More Revenue For Our Community  

Spoiler Alert: The Answer is Develop Downtown

Read more
Read more
Similar to
Popular now
Just for you