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<br />potential will be assumed to redevelop during the planning period. The issue of <br />how much land might redevelop over the planning period is an issue outside of the <br />scope of this project. <br /> <br />Table 3-9 shows a summary of potentially underdeveloped parcels by plan <br />designation. A ratio of less than 1: 1 is a typical, albeit arbitrary, standard for <br />identifying lands with redevelopment potential. The results show that about 555 <br />acres have an improvement to land value ratio of less than 1: 1 (not including areas <br />that have 0).5 <br /> <br />As stated above, a low improvement to land value ratio does not necessarily <br />suggest redevelopment. In the context of a buildable lands inventory, jurisdictions <br />are only interested in redevelopment that results in higher densities. <br /> <br />Table 3-9. Improvement to land value ratio, lands classified as built, Metro <br />UGB <br /> <br />Eugene City Limits <br />Springfield City Limits <br />Metro UGB <br />Total Acres <br /> <br />Improvement to Land Value Ratio <br />o 0.01-0.24 0.25-0.49 0.50-0.74 0.75-0.99 1.00-1.99 2.00-2.99 3.00+ No data <br />More Redevelopment Potential Less Redevelopment Potential <br />260.9 79.6 48.6 42.2 36.6 376.9 644.4 531.5 62.1 <br />121.1 34.3 13.5 30.3 18.7 262.7 513.9 375.3 32.3 <br />382.6 130.8 58.5 28.5 33.4 82.6 62.3 76.7 24.0 <br />764.6 244.6 120.6 100.9 88.7 722.1 1,220.5 983.5 118.4 <br /> <br />Total <br /> <br />Zoning <br /> <br />2,082.7 <br />1,402.1 <br />879.3 <br />4,364.0 <br /> <br />Source: analysis by ECONorthwest <br /> <br />Note: analysis does not include surface parking. The database will allow analysis of the amount of surface parking as well <br />as an assumption that surface parking has high redevelopment potential. <br /> <br />Table 3-10 shows improvement to land value ratio for developed lands by <br />plan designation. The results show that about 80% of the land with redevelopment <br />potential (as measured by improvement to land value ratio) are in industrial plan <br />designations. <br /> <br />5 It is common for county assessment data to not have assessment information on improvements. Key examples include mobile homes and <br />other improvements that are assessed as personal property. In some instances, data is missing. <br /> <br />DRAFT: Commercial and Industrial Lands Database <br /> <br />ECONorthwest <br /> <br />July 2006 <br /> <br />Page 16 <br />