Sharing the benefits of development

Friday, April 01, 2005

One of the main challenges facing regional collaboration comes in sharing the costs and benefits of development. Take the case of the three counties of Charleston, SC region: Charleston, Berkeley and Dorchester counties. Charleston pays the most money into the regional development alliance. Berkeley gets more than its share of development projects (and tax revenues), and Dorchester county sees more than its share of residential development (and associated costs).

Multi-jursiductional development districts represents one way to share costs and benefits equally. Toledo and Oregon, OH are choosing this approach to manage a planned $350 million coke plant . The agreement arose out of a boundary dispute. Both cities claimed the land on which the coke plant is to be built.

The agreement establishes a joint economic development zone, so that the cities can split tax revenues from the plant equally. Read more

posted by Ed Morrison |

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