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Urban3 presents geo‑accounting for Rapid City: downtown parcels far more productive than big‑box sites; recommends denser development
Summary
Consultant Urban3 told the committee Rapid City's land-use portfolio produces a citywide fiscal shortfall (Urban3 estimated about $112 million) and recommended policies to increase density, rebalance TIF use and deploy a development-evaluator tool to test projects against long-term maintenance costs.
Urban3 presented a geo‑accounting analysis to the Rapid City Legal & Finance Committee on Dec. 10 that maps where tax revenue and infrastructure costs fall across the city and outlines policy tools to improve fiscal outcomes.
Heather Worthington, lead presenter from Urban3, described how the firm correlates financial data and land‑use patterns to calculate value and revenue per acre. She highlighted central downtown parcels such as the Hotel Alex Johnson and Prairie’s Edge as among the city’s most productive parcels per acre. By contrast, big‑box retail sites (Walmart, Menards, Fleet Farm) produce substantially lower revenue per acre because they occupy large lots with extensive parking…
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