Memphis on the Move: Unleashing the Power of a Land-Value Tax
Memphis is buzzing with fresh ideas that could steer the city toward a brighter future! An intriguing concept, the land-value tax (LVT), is making headlines as a potential game-changer for revitalizing underused areas throughout Memphis. That’s right! A tax that focuses not on the buildings we erect but rather on the very land itself is stirring conversation about equitable development.
What is Land-Value Tax?
So, what exactly is this land-value tax? Well, in simple terms, it taxes land based on its value rather than the improvements made on it. This means vacant or underdeveloped land could face higher taxes, encouraging owners to utilize these parcels for productive purposes, instead of letting them sit idle. The logic behind this is compellingโby taxing land’s value, it creates an incentive for development and ultimately aims to pave the way for more affordable housing, parks, and community services.
Revitalizing Memphis
Ben Schulman, a past player in the Memphis Medical District Collaborative, shared that this ancient concept is gaining new traction, especially given the rising interest in how to make our neighborhoods more vibrant and equitable places to live. He believes that implementing a land-value tax could be the key to unlocking the full potential of Memphis’s underutilized areas. Imagine what could happen if blighted lots transformed into bustling community centers or green spaces!
Community Engagement and Concerns
Now, itโs not all smooth sailing. Alongside economic innovation, the city is facing some real challenges that demand immediate attentionโthink juvenile crime, bail issues, and school truancy. Ashley Coffield pointed out that, while itโs crucial for civic leaders to keep the lines of communication open between different political spectrums, the community needs to take a stand against negativity aimed at Memphis. It’s essential to foster a sense of unity as we tackle these pressing matters.
Community Forum on Crime and Safety
In response to these concerns, a community forum is in the works to dive deep into issues of juvenile crime and public safety. Local speakers from the Memphis Police Department, Shelby County Sheriffโs Office, General Sessions Court, and the school system are set to engage with residents on these matters, urging community participation. This is more than just a discussion; itโs a chance for citizens to voice their concerns and influence change in their neighborhoods.
The Conversation Continues
The Memphis community is more than just a collection of neighborhoods; itโs a vibrant tapestry of voices eager to be heard. For those who wish to share their thoughts or delve deeper into discussions surrounding local issues, many opportunities await! Whether you are a long-time resident or a recent transplant, your insights are valuable. Subscribing to updates will ensure you stay in the know about upcoming events where you can join the conversation.
Conclusion: A Bright Future?
As Memphis navigates its path forward, the combination of innovative concepts like the land-value tax alongside community engagement in pressing issues could very well be the perfect recipe for revitalization. Each business that opens, every park that gets developed, and every crime address increases the potential for Memphis to shine. Together, let’s keep our fingers crossed and hope that the city takes ๊ธ์ ์ ํฅํ ๊ธธ! (the road toward positivity) and embraces the changes that lie ahead.
Author: STAFF HERE MEMPHIS WRITER
The MEMPHIS STAFF WRITER represents the experienced team at HEREMemphis.com, your go-to source for actionable local news and information in Memphis, Shelby County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the areaโwith deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Beale Street Music Festival, Elvis Week, and Memphis in May International Festival. Our coverage extends to key organizations like the Greater Memphis Chamber and the Memphis Convention & Visitors Bureau, plus leading businesses in logistics, healthcare, and music that power the local economy such as FedEx, St. Jude Children's Research Hospital, and AutoZone. As part of the broader HERE network, including HEREBristol.com, HEREChattanooga.com, HEREKnoxville.com, and HERENashville.com, we provide comprehensive, credible insights into Tennessee's dynamic landscape.
