Now Coveted: A Walkable, Convenient Place

Making cycling and walking safe, convenient and fun in Delaware

Now Coveted: A Walkable, Convenient Place

May 27, 2012 Economics Land Use No Digest 0

By CHRISTOPHER B. LEINBERGER
Published in the New York Times
May 25, 2012

Until the 1990s, exclusive suburban homes that were accessible only by car cost more, per square foot, than other kinds of American housing. Now, however, these suburbs have become overbuilt, and housing values have fallen. Today, the most valuable real estate lies in walkable urban locations. Many of these now pricey places were slums just 30 years ago…

It’s important that developers and their investors learn how to build places that integrate many different uses within walking distance. Building walkable urban places is more complex and riskier than following decades-long patterns of suburban construction. But the market gets what it wants, and the market signals are flashing pretty brightly: build more walkable, and bikable, places.

Read entire article HERE>>

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