Neighborhoods are Important City Economic Assets.
A core asset of every character town is its neighborhoods. As the city pursues its vision of being a pleasant and prosperous place, neighborhood creation, enhancement and preservation take center stage as a primary strategy of the city.
NEIGHBORHOODS GENERATE REVENUES.
Neighborhoods are a major consumer of the city’s land and a major generator of the city’s property taxes. The residents of neighborhoods are the city’s major source of sales tax revenues. Neighborhoods are the home of employees, business owners and the wages they produce. Maintaining the strength of neighborhoods and their residents is an important element of the city’s economic plan.
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