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Metropolitan DC Local Politics
Reply to "Why doesn't Montgomery County rezone Commercial Property to Housing?"
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[quote=Anonymous][quote=Anonymous]Because officials planning these things have a strong preference for commercial property? Commercial property - assuming it's utilized - generates tax revenue without requiring much city or county services. Residential property - especially townhouses - generate an initial sugar high of additional revenue, but tend to be filled with kids who require a lot of spending.[/quote] There is a huge quantities of commercial property in MoCo that is underutilized. Turn it into residential, whether apartment buildings, condos, townhouses, etc. Much of it already has some basic infrastructure in place. People then live there, generating income tax revenues, and provide more potential customers for the remaining retail space.[/quote]
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