It will operate closer to equilibrium, where value and cost move together, and where the fiscal stability of the system depends less on isolated high-yield parcels and more on the aggregate behavior of the people who live there.
The parking lot is gone.
In its place is something that carries its weight differently.
Bibliography
1. City of Portsmouth, NH – Property Assessment Records. Municipal valuation data for Durgin Lane retail parcels used to estimate prior assessed value and tax contribution.
2. Rockingham County Registry of Deeds – Parcel Records (Portsmouth, NH). Public land and ownership records supporting valuation range and site history.
3. Boston Real Estate Times – “$96.8 Million Secured for 360-Unit Apartment Project in Portsmouth, NH.” Reporting on financing and scale of Prescott Post development.
4. City of Portsmouth Planning Board Documents – Multifamily Development Reviews. Includes planning assumptions on school-age children per unit (approx. 0.1–0.2 range).
5. New Hampshire Department of Revenue Administration – Municipal Tax Rate Structure. Documentation confirming single-rate property tax system across property classes.
6. Town of Newington, NH – Public Meeting Minutes (Fox Run Mall Redevelopment). Discussions of proposed Tax Increment Financing (TIF) and redevelopment uncertainties.
7. Lincoln Institute of Land Policy – “Cost of Community Services Studies.” Research showing typical fiscal patterns of residential vs. commercial land use and service demand.
8. American Planning Association – Fiscal Impact Analysis Resources. Frameworks for evaluating municipal revenue versus service cost across land-use types.