END 301 Lecture Notes - Lecture 7: Santa Monica Place, Coase Theorem, Marginal Cost
11 Jul 2016
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Document Summary
Paying for the costs of development: building construction costs, services and facility costs. Inductive calculation: determine the cost and capacity of a particular facility, use it as the model for all future facilities, example: fire station. Open fire station an serve (1) 15k residents. One can serve 9. 4m square feet of commercial/industrial space: pros: absolute fee, model-based not plan-based, cons: general solution (different elements, different solutions required), difficult to model operation costs. Deductive calculation: determine the additional demand on a service based on master plan, identify needed facilities considering geography and level of service, example: master plan identifies a service goal (5-minute response) Find additional service cost to achieve the performance. Hillier areas and fire-sensitive industries may require more stations: pros: can accommodate unique demands, more proactive planning actions, cons: efforts to make necessary information, frequent updates, not suitable for large municipalities. Depends on the historical development: ex) if annual growth is constant, debt is spread over an ever0increating population.
