Fortunately, creating communities that feature great places and human-scaled development is paying off in terms of higher property values and their attraction of non-polluting industries. This link features other returns-on-investment in digest form:
Like any next, big something, placemaking is growing up. And in its role as gawky adolescent, it’s beginning to realize something most of us have long since come to accept: You can’t skirt by on youthful good looks forever.
Today, efforts to create more endearing and enduring surroundings are being subjected to decidedly grown up demands. And with them, smart growthers—from enviros to designers to code reform advocates—are learning one of life’s hardest lessons: Love will only take you so far.
Son, you’ve got to demonstrate sufficient returns.
Recently, a city asked me for some help in their argument for funding transit oriented developments with TIFF dollars. The top arguments that immediately came to mind are the same reasons that cities are investing in planning and zoning reform, even during these tight times. City planning is able to speak to a variety of the significant challenges that currently face us. Here’s the soundbite version of the top 4 drivers.
How do walkable neighbourhoods contribute to the local economy? They increase long term asset value for many reasons, including increased housing value, less crime, higher walkscore, lower vehicle miles traveled, less carbon emissions, fewer auto costs, greater personal fitness, decreased infrastructure cost, more hours available, real community, and the list goes on.
What does obesity cost, and how is it effected by where I live? The average white male living in a compact community weighs 10 pounds less than his counterpart in a low density subdivision, according to the British Columbia School of Planning. Every 1% rise in the urban sprawl index increases the risk of obesity by 0.5%, according to Boston University School of Public Health. The medical costs to treat obesity in the US for 2008 is estimated at $147 billion.
Read the rest at PlaceShakers and NewsMakers