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PFM study: New land-use rules could add jobs, revenue to North Port but market adoption uncertain
Summary
Consultants told the North Port City Commission an updated Unified Land Development Code (ULDC) could substantially increase population, jobs and taxable value over 30 years, producing positive net fiscal impacts — but officials were repeatedly warned the timing of that market response is uncertain.
Consultants from PFM Financial Advisors presented a fiscal- and economic-impact analysis to the North Port City Commission on Monday, saying changes to the city’s Unified Land Development Code could generate substantial new population, employment and taxable value — but that those benefits depend on how quickly the market adopts the new rules.
The PFM team described three modeled scenarios: a “historic” scenario using the previous ULDC and roughly 3% annual population growth; a high-adoption updated-ULDC scenario with faster growth and a higher jobs-to-resident ratio; and a slower-adoption updated-ULDC scenario that assumes historical population growth but greater job density than the historic baseline. “The net fiscal impact is strongly positive across development scenarios,” PFM presenter Mallory Richards said during the presentation.
PFM said the updated-ULDC scenarios increase North Port’s residential and…
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