Monday, July 9, 2018

Wisconsin Dells Highest Best Use Common Shared Public Owned Space

Wisconsin Dells is discovering an important piece of community planning is the implementation of updates designed to improve utilization calculations for public owned property.  Only when the public property is heavily populated - can the highest best use efforts produce a return on investment that benefits a larger portion of the community.

This has become more urgent with the City of Wisconsin Dells huge investment of public money to distribute funds throughout the down town business district - for private operators to increase the value of their real estate.  The highest best use approach to public owned common shared property extends value while supporting the end goal of configuring a more vibrant commercial district.

This means the public owned common shared space must produce utilization calculations that demonstrate evidence for the need of ongoing investment of public collected money.  The City of Wisconsin Dells owned public river dock facilitates the opportunity for the upper Wisconsin Dells river boating community to easily access the new River Front Terrace Bar and Restaurant on Broadway.

A simple assignment of public dock space to accommodate the large population of summer boaters bolsters utilization numbers while leveraging the opportunity for CDA distributed fund receivers to earn needed revenue.

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