Monday Mailing
Year 25 • Issue 41 8 July 2019 1. Why Building Walkable Cities Is The Key To Economic Success 2. Oregon Legislature Passes Nation’s First State-Wide Ban On Single-Family Zoning In Cities (Michael Walker) 3. Should We Say Goodbye To The School Lunch Milk Carton? 4. Parking Has Eaten American Cities (Michael Walker) 5. Microsoft’s Ebook Apocalypse Shows The Dark Side of DRM 6. Oregon Is One of Only Five States With No Campaign Caps. Voters Could Change That in November 2020. (Michael Walker) 7. Why FOMO Is The Enemy Of Good Urban Mobility Policy 8. The Other Oregon – Summer Issue (Bayoán Ware) 9. Renegotiating the Columbia River Treaty, Six Decades Later 10. Rural Anxieties Derailed Oregon’s Climate Plans 1. Why Building Walkable Cities Is The Key To Economic
Success
What if I told you there was a way to develop U.S. cities that was better for social equity, created more jobs and economic activity, resulted in better transit access, and improved the environment, all while guaranteeing better economic returns for developers and investors?
Quote of the Week:
“Life is a series of natural and spontaneous changes. Don't resist them; that only creates sorrow. Let reality be reality. Let things flow naturally forward in whatever way they like.” - Lao Tzu
Oregon Fast Fact #26
There are nine lighthouses standing along the coastline. Five are still being used; the others are designated historic monuments.
According to “Foot Traffic Ahead,” a new report that provides an indepth look at the impact of walkable urbanism on U.S. real estate, that method exists. On nearly every metric, walkable developments perform better for their citizens, especially economically, which makes it that much more disappointing that so many established policy decisions fly in the face of this data. A joint project between The Center for Real Estate and Urban Analysis (CREUA) at the George Washington University School of Business, Smart Growth America/LOCUS, Cushman & Wakefield, and Yardi Matrix, the report found substantial growth in such areas—defined via a formula that looks at office and retail density as well as Walk Score—as well as substantial value increases and increased educational attainment and economic vitality. Researchers examined real estate development and performance in the nation’s 30 largest metros, which contain 150 million people, or 47 percent of the total U.S. population The bottom line? Walkable urban places, what the report calls WalkUPs, demand roughly 75 percent higher rent over the metro average, a gap that’s increasing, having grown 19 percent since 2010 alone (the report believed that growth will only continue). That includes 105 percent higher rent for office space and 121 percent higher rent for retail. Page 1 of 7