Q: How will The HUB affect the town or county’s tax base and the regional economy?

A: Pre-COVID-19 scenario: The real estate tax base will increase by $770,994,000 for both the County and the Town (in 2020 dollars).

Post-COVID-19 scenario: The real estate tax base will increase by $637,990,000 for both the County and the Town (in 2020 dollars).

Also, by building more compactly, the cost of both constructing and maintaining infrastructure, as well as the provision of some municipal services, can be reduced. Traditional community formats, in general, do a better job of leveraging communal assets, and encouraging communal behavior, with the expected attendant benefits.

As for the regional economy, The HUB believes that efforts to actively promote and support a WFH model also changes the local consumer dynamics by capturing many of the consumer expenditures that would otherwise be spent in the regional job centers downtown, and in the satellite urban centers around it, like Tysons Corner, etc. or other employment and retail hubs.