It’s a simple formula, really: With more affordable apartments available, more people will move here. They will spend money, and property and sales tax receipts will rise, helping to relieve the tax burden for us all.
Over the next 10 years, local governments could ignore the powerful forces at work, the ever-changing demographics that are shaping and reshaping our communities. They could carry on as usual, pretending the waters around them have not grown, as Dylan might say.
We suggest, though, that they start swimmin’, or they’ll sink like stones.