Idea of the Day: Dealing with empty lots

15th Ave. & McDowell Rd., Phoenix, AZ

From time to time, we’ll throw out an “Idea of the Day” culled from sources here in Arizona and elsewhere.  The following idea comes from a recent article in New London, Connecticut’s daily newspaper, The Day, about their city’s attempt to deal with vacant, dormat lots in their downtown, a problem experienced in many cities across the U.S., including Phoenix:

“Frank McLaughlin, a downtown developer, and Penny Parsekian, the New London Main Street CEO, said some people have started talking about reverse taxation: levying a higher tax on a property that is vacant.  ‘What happens is, that vacancy devalues the property around it, and so there should be a fee for that,’ Parsekian said.  ‘It’s been that way in Germany forever — you get taxed on the land instead of the property.  And vacant land gets taxed at a higher rate.'”

Posted on September 5, 2008, in Downtown Vitality, Finances, Governance, Idea of the Day, Neighborhoods and tagged , , , , . Bookmark the permalink. Leave a comment.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: