Quote:
Originally Posted by PHL10
I get it but if that is all it takes to justify a surface parking lot, Southern should do the same at 1911 Walnut.
In my mind, not making any income on an undeveloped property is exactly the kind of incentive we need to stop speculation. Suck up the carrying costs, build, or sell - your choice Brandywine.
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This is why land value taxes are so useful: the least developed properties carry the highest relative tax burden. Scale it right and parking lots become among the
least profitable land uses instead of the
most profitable ones.