Our community has made investments in infrastructure within our existing centers and corridors. It is important to leverage those investments by continuing to revitalize these areas.
What are we measuring?
Percent of Lacey, Olympia and Tumwater's assessed building and land value in an urban center or corridor.
Our region has made substantial investments in the infrastructure in downtowns and close-in corridors in the Lacey-Olympia-Tumwater urban area, and they serve as our economic hubs today, capturing around 21% of the total assessed value even though they contain just 8% of the north county urban land area.
Between 2012 and 2018 there was a 2% decrease in the share of assessed value in the centers and corridors, although recent investments in areas such as the Brewery District, downtown Olympia, and the Woodland District could change that trend.