The video explains, in simple terms (probably simple enough that a 10-year-old could understand them), why our cities are going broke in spite of what appears to be economic development and growth.
If your city is struggling to balance its budget, it’s not enough to just cut costs and not seek to increase revenues. That’s like a cyclist who tries to improve their performance only by losing weight.
Leander, Texas, a suburb of Austin, is a quiet bedroom community that recently found itself with a commuter rail station. Can it afford to waste the opportunity to create the transit-oriented downtown it never had?
In a suburban development pattern, the cul-de-sac is the gravy. It’s the cherry on top. It should be the most profitable part of the system, the place with the most tax base for the least amount of cost. If that’s not true, then something is terribly wrong with our model of growth.