Increasing the Understanding of Fiscal Impact Analysis to Help Real Estate Developers More Effectively Manage Process Risk

Dustin C. Read, Thomas Skuzinski and Andrew R. Sanderford

Journal of Real Estate Literature, 2019, vol. 27, issue 1, 53-66

Abstract: Municipal governments have conducted fiscal impact analysis for decades to plan for and evaluate anticipated real estate development. Nonetheless, the literature offers relatively little guidance as to when it is used or how it is used to inform land use policy decisions. This is surprising given the significant impact this type of analysis has on real estate developers interested in obtaining regulatory entitlements for their projects. By examining both the benefits and limitations of fiscal impact analysis, as well as highlighting issues in need of future research, we seek to help real estate developers more effectively manage their process risk exposure in an effort to achieve market acceptable rates of return.

Date: 2019
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DOI: 10.1080/10835547.2019.12090498

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