u3 txparking 8-15-19 · industrial revolution. environmental movement cuyoga river fire cleveland,...

Part IIPanel Presentation.

Convert Parking to An AssetWin-win-win. Parking as additive value.

51 Biltmore

51 Biltmore

HOTEL

PUBLIC PARKING MIXED-USE HOUSING

MIXED-USE HOUSING

3-Party Public/Private Development51 Biltmore

2025 Comprehensive PlanCity of Asheville

78 Transportation and Accessibility

Public Transit

!"#$%& '()*+%' %+ )* %*',-()$ .)(' /0 '1, 2/3*4'/3* '()*+./(')'%/* +5+',67 8()*+%' ()9%&)$$5%*&(,)+,+ 2/3*'/3* )&&,++%#%$%'5 #5 )$$/3%*-'1, ,*'%(, &/66"*%'5: */' ;"+' '1/+, 3%'1 &)(+:'/ )&&,++ ;/#+: +1/..%*-: )*9 /'1,( 2/3*'/3*)6,*%'%,+7 <*&(,)+,9 '()*+%' "+)-, 3%$$ #,*,0%'2/3*'/3* #5 (,9"&%*- (,$%)*&, "./* '1,)"'/6/#%$,: '1"+ (,$%,=%*- =,1%&"$)( &/*-,+4'%/*: (,9"&%*- 9,6)*9 0/( 2/3*'/3* .)(>%*-)*9 &/*'(%#"'%*- '/ %6.(/=,9 )%( ?")$%'57

@%'1%* 2/3*'/3*: '()*+%' +,(=,+ '/+'(,*-'1,* $%*>)-,+ #,'3,,* )&'%=%'5 &,*',(+:)$$/3%*- =%+%'/(+ -(,)',( )#%$%'5 '/ &/6#%*,6"$'%.$, 9,+'%*)'%/*+ %*'/ ) +%*-$, 2/3*'/3*'(%.7 A 2/3*'/3* +1"''$, +5+',6 +1/"$9 #,&(,)',9 '/ &%(&"$)', #,'3,,* .)(>%*- 0)&%$%'%,+)*9 6);/( )&'%=%'5 */9,+7 81, "+, /0 ) ("##,(431,,$,9 '(/$$,5 +1/"$9 #, ,B.$/(,9 '/ )$$/3 '1,+1"''$, '/ +,(=, ) '()*+./(')'%/* 0"*&'%/* )+3,$$ )+ '/ 6)>, ) &/*'(%#"'%/* '/3)(9+ ,*1)*&4%*- 2/3*'/3*C+ &1)()&',(7

D%'53%9,: '()*+%' (%9,(+1%. 1)+ %*&(,)+,9 #5 0%=,.,(&,*' /=,( '1, $)+' '3/ 5,)(+7 <0 '()*+%'"+)-, %+ '/ &/*'%*", '/ (%+,: ,=,(5 )+.,&' /0 '1,

2025 Comprehensive PlanCity of Asheville

2008 2018

$43,512

$286,382

$3,096

$332,990$11,500… or a 2,900% growth in property tax revenue

51 Biltmore

$1,900

$9,600

51 Biltmore

2008 2018 $332,990$11,500… or a 2,900% growth in property tax revenue

02008 2013 2018

1.01.01.1

1.7

1.0

1.4

1.21.0

1.6

3.6

1.0

1.3

2.8

1.0

1.3

2.3

1.0

1.3

2.3

S&P 500Dow JonesVanguard 500NASDAQGoldAVL CBD

51 Biltmore

51 B

iltmore

Taxe

s

What if we understood productivity the way we understand other market indexes? S&P 500

Vanguard 500

NASDAQ

Dow Jones

Asheville CBD

Gold1.0

Value growth indexed from 200851 Biltmore

0

10

20

30

2008 2013 2018

1.0

4.8

37.0

1.0 1.11.7

1.0 1.4 1.21.01.6

3.6

1.0 1.3

2.8

1 12

1 12

S&P 500Dow JonesVanguard 500NASDAQGoldAVL CBD

51 Biltmore

51 B

iltmor

e Ta

xes

S&P 500Vanguard 500NASDAQ

Dow JonesAsheville CBDGold

Value growth indexed from 200851 Biltmore

What if we understood productivity the way we understand other market indexes?

SOUTH NORTH

City Taxes Per Acre vs Cubic ft Runoff Per Acre

Eugene,Oregon

Case Study: Fiscal MRI®

2018

Pipe Infrastructure Stormwater & Wastewater

Stormwater: Impervious Surfaces Eugene, OR

* ”Other” denotes parcel codes that are likely parking.

*

Impervious Surface Breakdown Eugene, OR

Source: City of Eugene Data Year: 2018

Productivity Difference

SOUTH NORTH

Productivity Difference

SOUTH NORTH

Downtown

Impervious Surface Breakdown Eugene, OR

Building

Parking

Source: City of Eugene Data Year: 2018

Impervious Surface Breakdown Eugene, OR

Building

Parking

RoadSource: City of Eugene Data Year: 2018

Removing areas that aren’t in Eugene’s control, as well as non-taxable buildings.

Impervious Surface Breakdown Eugene, OR

Source: City of Eugene Data Year: 2018

This is Eugene’s land, as a square.

Square Miles Value Per Square Mile

Building 5.5 $1,844,837,840

Parking 2.7 $245,372,098

Road 3.3 ($599,614,904)

Other Land 23 $131,077,569

Impervious Surface Breakdown Eugene, OR

Source: City of Eugene Data Year: 2018 Stormwater SDC Methodology: https://www.eugene-or.gov/DocumentCenter/View/44089

* “Other” is all the rest of the land in the City. Stormwater System Cost: $444,522,415

Building Footprint

Roads ParkingOther Land

This is how Eugene’s land is used. There is a steep discount given to parking.

Square Miles Value Per Square Mile

Building 5.5 $1,844,837,840

Parking 2.7 $245,372,098

Road 3.3 ($599,614,904)

Other Land 23 $131,077,569

Impervious Surface Breakdown Eugene, OR

Source: City of Eugene Data Year: 2018 Stormwater SDC Methodology: https://www.eugene-or.gov/DocumentCenter/View/44089

* “Other” is all the rest of the land in the City. Stormwater System Cost: $444,522,415

Building Footprint

Roads ParkingOther Land

This is how Eugene’s land is used. There is a steep discount given to parking.

Science(from Latin scientia, meaning “knowledge")The intellectual and practical activity encompassing the systematic study of the structure and behaviour of the physical and natural world through observation and experiment.

noun  sci·ence  \ ˈsī-ən(t)s \

Bill Nye, The Science Guy

Rolling Stone

INDUSTRIAL REVOLUTION

ENVIRONMENTAL MOVEMENT

Cuyoga River Fire Cleveland, OH 1969

ENVIRONMENTAL MOVEMENT

Cuyoga River Fire Cleveland, OH 1969

Pho

to: B

arry

Cho

wka

Pho

to: B

arry

Cho

wka

Science(from Latin scientia, meaning “knowledge")The intellectual and practical activity encompassing the systematic study of the structure and behaviour of the physical and natural world through observation and experiment.

noun  sci·ence  \ ˈsī-ən(t)s \

Bill Nye, The Science Guy

Behavioral Economics

DECISION SCIENCE

Amos Tversky Daniel Kahneman

REFLECTIVEAUTOMATIC

Stanovich and West 2000; Kahneman 2003

REFLECTIVEAUTOMATIC

Stanovich and West 2000; Kahneman 2003

People are not perfect little “econs” operating in rational ways as predicted in economic models.

Richard ThalerNobel Prize in Economics

It’s economics, stupid.

President William J. Clinton1992

tragically limited in their knowledge of the world

tragically limited in their knowledge of the world