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OTOC's Metro Area Development Committee (MAD) THE
COST OF “SPRAWL” The
cost of “sprawling” growth to Omaha taxpayers is staggering. A study in
Lincoln, Nebraska found that a new home imposes a fiscal cost of $17,421 onto
the city; but development fees recoup only $4,104 of this amount. The remaining
$13,317 has to be absorbed by the general taxpayer. Take that number times
the hundreds of homes built in new developments each year and you begin to get
the picture of the costs to the average taxpayer. The off-site costs for
commercial development borne by the general taxpayers is even greater--$46,620
for a 100,000 square foot retail store.
Net Capital Cost per Single-Family Unit –
City of Lincoln
*Amount
already paid by developers for off-site costs. Source: Infrastructure Financing
Study, Financial Alternatives Memorandum. Duncan
Associates, Sept 21, 2000 Return to MAD Com. Home Page Return to OTOC Home Page
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