Answer to Question #65506 in Macroeconomics for Cloie

Question

what if I said I wanted to create a destination? How would we approach that?
Keeping up a city is a very good way to make it appealing. Would you be in favor of annexation to grow the city and its tax base and useable land to draw new companies in to increase employment, expand demand and increase the tax base? What sort of costs might that entail?

Answer 1

Nowadays there are at least two ways to get the land. The land can be bought or rented. Other ways might have been acceptable in ancient times, but not in 21th century.
Your view on the development of the city is very nice. Yes, of course, we should do everything to keep the all parts of our city like old city, different parks, green zones, fabrics in the city. Provide our people with everything they need to keep high levels of living standards. I think that if the land is not enough we can rent some more land and give it to new firms for increasing employment, expanding demand and widening tax base.
Keeping up a city or even expending its borders is a very hard work. you need to have enough money, professional team for overcoming some of issues.