The other thing people often forget is that the 'land value' is also a measure of the city's well-being.
Those big spikes you see in the center? They cost very little for the city to maintain, and generate oodles of tax money.
Those big, wide areas out towards the fringes? They generate next to no tax income and cost a lot to maintain.
The urban subsidizes the sub-urban. The sub-urban lifestyle would be completely impossible without the ultra-dense urban centers. If planners and citizens don't keep that in mind, you can easily end up with an insolvent city budget that is bleeding from maintaining all the utilities and roads stretching out to the exterior.
Those big spikes you see in the center? They cost very little for the city to maintain, and generate oodles of tax money.
Those big, wide areas out towards the fringes? They generate next to no tax income and cost a lot to maintain.
The urban subsidizes the sub-urban. The sub-urban lifestyle would be completely impossible without the ultra-dense urban centers. If planners and citizens don't keep that in mind, you can easily end up with an insolvent city budget that is bleeding from maintaining all the utilities and roads stretching out to the exterior.