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Paul Jamtgaard's avatar

Thank you, again Alicia. Your writing and insights are “of course, so why not”. I’ve chewed on these exact issues my whole career. One rationale (or excuse, depending on where you sit in the deal) has been that large aggregated developments are simply a result of “economies of scale” surrounding the transaction costs - entitlement, financing,… two things: 1.) the development frameworks you describe have been rejected by developers and financial institutions in defense if the higher margins larger scale development enables, it’s a matter of disciplined governance; and 2.) is this an opportunity for AI to squash these (prohibitive) transaction costs to remove that market obstacle from the math?

Kent's avatar

Very interesting. I've been to Wisconsin Dells and I'm a little obsessed with European-style urbanism, but I had never noticed the similarity. So many people love the water parks at the Dells even when they're too old or too stodgy to want to go on the rides, and yeah I think this is part of why. Good stuff, thanks!

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