Revitalizing Memphis: The Promise of a Land-Value Tax
Memphis is stirring with excitement, and the buzz around a land-value tax (LVT) is hinting at a potential revival of underutilized areas in the city! Traditionally seen as an old concept, the land-value tax is making waves again with promises of more fair and equitable development outcomes. So, whatโs all the fuss about?
Understanding Land-Value Tax
At its core, a land-value tax aims to tax the value of the land itself rather than the buildings or property improvements on it. This means that owners are incentivized to utilize their land effectively or risk paying higher taxes on unused or underused properties. It encourages investment in development and can help reduce urban blight, giving areas stagnating in potential a nudge to flourish creatively and economically.
Memphis on the Brink of Change
Ben Schulman, who has a wealth of experience as the former vice president of the Memphis Medical District Collaborative, believes Memphis could greatly benefit from adopting this progressive tax model. With his current roles at a5 Branding & Digital and the Office of Housing Strategies, Schulman has his finger firmly on the pulse of urban development trends. He envisions the LVT being a catalyst for resuscitating parts of Memphis that have been left behind, creating opportunities for residents and developers alike.
A Community Perspective
But wait, thereโs more! Community conversations are heating up regarding pressing issues like juvenile crime, truancy, and bail. Notably, local leaders are spearheading a forum featuring speakers from the Memphis Police Department, Shelby County Sheriffโs Office, and the local school system to tackle these challenges. The discussions aim to explore factors contributing to youth crime while also addressing community concerns and fostering a sense of safety. With *all hands on deck*, attendees will be keen to see collaborative solutions emerge.
Politics and Community Engagement
However, the political landscape can often be a tightrope walk. As Ashley Coffield recently noted, civic leaders face a challenge in maintaining relationships with varying political factions while managing the extremism that sometimes seeps into discussions about Memphis. The tension between political parties brings up questions about how to push for change while navigating the complicated waters of community support.
Join the Conversation
Engagement is key! Community members are encouraged to voice their thoughts on these critical topics. Thereโs a chance to chime in through subscriptions, enabling voices to be heard and create a shared discussion around these important issues. Itโs a perfect way to foster inclusivity and showcase the communityโs ability to come together for positive change.
Looking Ahead: Memphis Improving?
The overall sentiment is hopeful. With the prospect of a land-value tax, a forum addressing criminality issues, and a community willing to engage, Memphis is poised for transformation. The city’s underutilized areas could become thriving hubs DC if the community can rally behind not just promising ideas, but solutions that the residents feel invested in. Now is the time to keep the conversations flowing and the ideas rolling, resulting in an upgraded Memphis that everyone can be proud of.
This city is at a turning point. Whether through policy changes like the LVT or community-driven discussions about safety, the path forward is sure to be shaped by all of us. With optimistic ideas taking root, the future of Memphis shines with potential.
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.
