The total cost burden for the insight2050 scenarios varies along with their land patterns and resource consumption. Infrastructure costs to serve new development and its associated travel demand, as well as household transportation, energy, and water costs, are higher in scenarios with greater land consumption, higher VMT, and building programs that rely more on larger-lot single family construction.
Breaking costs down to the household level exposes the impact of land use and policy choices on Central Ohio households: by 2050, the Past Trends scenario would cost the average new household about $13,100 in expenditures associated with driving and residential energy and water use per year. By comparison, Planned Future would cost about $1,500 less; Focused Growth would cost about $5,400 less; and the Maximum Infill scenario would cost nearly $6,300 less per year.
Over time, the differences in annual expenditures would amount to a significant sum for each household – money that could instead be applied to a home mortgage or other living expenses. Collectively to 2050, household spending amounts to $94 billion in the Past Trends scenario. By comparison, Planned Future would cost $10.5 billion less; Focused Growth would cost $39 billion less; and Maximum Infill would cost $46 billion less.
“The demographic shifts our region is now experiencing, and will continue to experience for a number of decades, will have profound effects on our built environment. The types of new and growing households that will define the future housing needs of our region are substantially different than those that defined, and in effect have “driven”, our region’s housing development over the past three or four decades. It is vital that we understand and prepare for these transformational changes if we are to create the types of places and living environments we desire for our communities, and which will be needed to help ensure our region’s long term economic competitiveness.”
—Terry Foegler, Director of Strategic Initiatives/Special
Projects at City of Dublin Ohio
Annual Household Costs per New Household in 2050 (2014 dollars)