How knocking down one building affects the neighborhood

Demolishing an abandoned property improves the value of surrounding properties but the boost in property taxes may never recoup the investment.

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Calculations based on 235,797 residential properties. See Paredes and Skidmore (2017) for a more detailed explanation.

Chart: The Conversation CC_BY_NDSource: Dusan Paredes Araya and Mark SkidmoreGet the dataCreated with Datawrapper