Quote:
Originally Posted by Policy Wonk
Do you have any comprehension as to just how much money has been spent on the East Village already - just to get where it is now? I am pretty comfortable predicting that the East Village will never be anything other than a financial black hole for the city.
And I would bet everything I own the city could have serviced an equivalent number of dwellings somewhere in the proximity of 144th Ave N.E. and realized a superior tax yield for a fraction of what has been spent on the East Village.
Do you really believe that every post-war planner was mentally retarded and set out to develop in the most impractical and costly way possible? Digging up cities is really, really expensive.
|
I have a very good idea of what it costs to service greenfield, and it can be relatively cheap to fairly expensive depending on if you can use gravity fed drainage and servicing, or if you need a lift station. Upgrading existing water mains is expensive, which is why you do it to acheive a higher density. What do you think is going to happen to these low density burbs when it comes time to replace their infrastructure? You are also forgetting the fact that a new neighborhood on the edge of town needs far more than just utility services. You need to add their share of additional lane miles to service their trips around town (road widening, intersection upgrades etc), the additional cost on public transit, new police stations, new fire stations, rec centers etc. Low densit Green fields are notoriously inefficient as they have no economies of scale, whereas the East Village adds almost no costs on those points, and some of the up front expense is re-coupped from land sales. The city owns 50% of the land, which is worth millions.
Every planner post world war 2 had a myopic view of the world. They assumed infinite space, infinite cheap fuel, and never anticipated the traffic problems related to the single occupant vehicle model. The fruits of their labours are being realized now with communities which are rapidly aging and depopulating, the first phase of infrastructure replacement is coming and fuel costs are skyrocketing. Post WW2 planners also assumed the economic colonial model would persist, and the first world would continue to rape the rest of the planet to subsidize our living standards, and that is coming to an end as well.