During the recent City of Mobile Planning Commission meeting, a proposal for smart infill development was presented, highlighting its potential benefits for the community. The development aims to transform a currently vacant piece of land, which has been a concern for stormwater drainage issues that could damage city and private properties.
The proposal emphasizes that the new development would not only improve drainage but also minimize infrastructure demands. According to the presented study, the project is expected to generate approximately 70 additional vehicle trips per day, representing a mere 0.02% increase in traffic on University Boulevard. This minimal impact on infrastructure is a key point in favor of the project.
Financially, the proposal is projected to bring significant revenue to the City of Mobile. In its first year, the estimated total revenue could reach around $94,395. This includes approximately $10,400 from annual property taxes, a one-time construction sales tax of about $70,000, and around $14,000 from permit and inspection fees. Additionally, the development is expected to generate recurring annual revenue of about $45,400 after the first year, contributing to local businesses and schools.
The long-term outlook is equally promising, with an estimated property tax revenue of nearly $104,000 over ten years. Each household in the new development is also anticipated to contribute to utility revenue and local spending on groceries, gas, dining, and entertainment.
In summary, the proposed development not only addresses the issue of vacant land but also supports the city’s growth strategy while ensuring minimal impact on existing infrastructure. The Planning Commission's discussions reflect a commitment to revitalizing the community and enhancing its economic prospects.