New Code / Overpricing of Properties

CIG-5

Observation

Lots near commercial or state properties are valued at higher prices in anticipation of more intensive use. This keeps the lots empty and encourages more teardowns.

Discussion

The prices of empty lots on America Street for example, are so high that compatible single-family fabric is unlikely to occur. One lot, approximately 150’ square, is on the market for $300,000. This rules out the construction of the four houses that would match the older fabric. The presumption is that proximity to the Central Business District will allow a much more intensive use. Existing zoning makes this presumption realistic.

Recommendation

For empty lots there are building types which allow higher density but which are still compatible with the existing fabric. A code is necessary that allows rowhouses, live/works, apartments and offices in traditional building types, with parking on-street and at the rear.

Responsibility

Plan Baton Rouge

Project Status

The Historic Spanish Town Civic Association would support this recommendation after careful study.

Implementation

Explanation of Terms

Product

New Code Provision

Responsibility

PBR

Implementing Agent

PC & MC

Feasibility Analysis

Initial Financing

Unnecessary

Project Financing

Existing resources

Timing