The Value of Planning in the Age of Economics

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The Value of Planning in the Age of Economics
Public and private investments

A city makes many investments, such as infrastructure improvements, life and safety services, and in their employees. To fund such, cities rely upon new development and construction to fuel its economic generation engine with new jobs, housing, shops, parks, fees, and tax revenues.We have all experienced the difficulties with building new developments in Southern California. It is either too difficult to build something great or too easy to build something terrible. Most city planning departments have to overcome a past of allowing for deplorable new buildings that challenged the character of beloved older communities.

All new public and private development is guided by city policies, rules, and standards. New development is valued by cities as financial investments and economic generators to pay for city services, such as streetlights, fire trucks, and retirement pensions. Cities basically have two development-as-investment tools. []