Wal Mart v. Mixed Use. Debate continues…

There is a great summary of a presentation by Peter Katz over at Citiwire.net. In it he provides the amount of property tax revenue received to a community by a Wal-Mart, a regional mall, and a mixed use building. On a per acre basis, it makes a very good case for communities to seek more compact, mixed-use development. Not only are their long term sustainability benefits to residents, there are real short term fiscal solutions to city coffers. Think about it… how much tax does a parking spot pay? How many are out there?