Does COH incentivize residential hi-rise development

I think the city should incentivize residential hi-rises in Downtown. If you replace a block of surface parking with a 40 story residential tower that has 4 units/floor and assume 500K value average for all units. that’s a surface parking block currently appraised at $5M that could be now appraised at $20M. City will get 4x more tax at minimum collection plus all the fees an empty parking lot doesn’t receive.

More residential brings more commercial, makes downtown more liveable and nicer which the city wants. Uptown has lots of hirises, start building in DT. Pierce elevated getting knocked out will be a game changer imo for downtown development.

Also Austin building tallest building in Texas. WTF step your game up Houston.