Housing

Development Rarely Pays
1:32 pm
Wed March 20, 2013

The Downside of Development

Every five years, Virginia requires cities and counties to update plans for development – how and where they’ll grow. 

Many communities assume growth is good – and some even offer tax breaks to attract new industries and businesses, but a new report by Charlottesville economist David Shreve and planning consultant Craig Evans suggests that’s not the case if new companies hire people from elsewhere. 

That’s because new residents increase the demand for public services, such as education, road construction and maintenance, public safety, water systems, sewers and so on.

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