Over the last 50 years or so, the scarcity of land has changed the way it is valued. Before the building boom at the end of the last century, vacant land wasn’t as valuable as land improved with homes and businesses. Taxes on unimproved land were comparatively low and didn’t add much to a municipality’s tax rolls until a house or commercial structure was built upon it.
Today, the opposite is true. Land is so valuable that people will tear a building down and build a pricier property on a piece of land with a good location. In densely populated towns like Norwood, buildable land is even scarcer, making rare vacant tracts highly desirable and, therefore, even more valuable.
Not surprisingly, the scarcity of buildable land in Norwood has risen to the forefront of discussions relative to a number of issues. With the termination of the deal with the YMCA that would have leased 10 acres of town-owned land on University Avenue to the organization as part of their plan to build a $17 million recreation facility, the steep rocky plot once thought unusable has become sought after.
A University Avenue abutter to the ten-acre tract has inquired about purchasing the property from the town, prompting the Board of Selectmen to authorize exploring the option further and to take steps toward determining the current value of the land.
Although town officials have dismissed the location as a possible home for a consolidated Department of Public Works facility, the lack of sites for that use closer to the center of town might make the University Avenue land worth considering for that use, especially now that the roads and intersections in that area are scheduled to be improved and made safer for all traffic.
Another interesting land issue in Norwood centers on the building of the new Norwood High School behind the current structure. Before the Massachusetts School Building Authority named Norwood one of two school systems selected for a pilot model schools program, the firm the town hired to design the new high school proposed various footprint options for the new structure on the land behind the old building.
When the Norwood Common Sense Committee raised the issue of the displacement of the school’s athletic fields, their inquiries fell on deaf ears. It seemed no one wanted to hear about it and chose to deflect the issue rather than address it.