Myth: Urbanization and development will lower our taxes. There is nothing whatsoever good about development for taxpayers. Only the politicians and developers (construction) can profit.
City and regional planners in North America tend to agree that fostering growth is no longer their prime objective and that the peripheral expansion of cities creates a host of problems. The countryside is made beyond reach much of the time. Congestion increases, as does pollution. Services cost more.
Source: The Effects of Property Taxes and Development Cost Charges on Urban Development: Perspectives of Planners, Developers and Finance Officers in Toronto and Ottawa. Andrejs Skaburskis and Ray Tomalty, School of Urban and Regional Planning, Queen’s University