Smart Growth and Economic Prosperity: a Sourcebooktable of Contents

Smart Growth and Economic Prosperity: A SourcebookTable of Contents

Introduction: How to use this Sourcebook

Part I: Smart Growth Saves Money

I.1. Smart Growth Saves Money: Master Presentation

Suggestions for Using the Sourcebook...... 1

Two Basic Economic Arguments for Smart Growth...... 4

What is Smart Growth?...... 5

Smart Growth Saves Money...... 6

Smart Growth Saves Infrastructure Costs...... 7

Smart Growth Saves Money On Costs of Services...... 16

Smart Growth Saves Money By Fixing It First...... 21

Smart Growth Saves Money By Keeping Taxes Lower...... 28

Smart Growth Saves Money By Reducing the Costs of Urban Decline...... 37

I.2. Smart Growth Saves Money: Costs of Abandoned and Vacant Properties

I.3. Smart Growth Saves Money: On Combined Costs of Transportation and Housing

I.4. Smart Growth Saves Money: Reducing Healthcare Costs

I.5. Smart Growth Saves Money: Case Studies

Mount Pleasant, SC: Belle Hall Case Study...... 1

Infrastructure Costs For Conventional Suburban Development Are Higher Than Those For Traditional Neighborhood Development

Charlottesville, VA: Eastern Planning Case Study...... 10

Sacramento: Smart Growth Saves Money on Infrastructure...... 15

Rhode Island: Smart Growth Directs Investment to Existing Communities...16

New Jersey: Smart Growth Saves Money on Infrastructure...... 19

Vision California: Evaluates Four Scenarios...... 20

Twin Cities: Smart Growth Reduces Costs of Infrastructure per Housing Unit.22

Sarasota County, FL: Fiscal Impact Case Study...... 23

A Comparison of Tax Revenue per Acre Generated by Different Uses and Densities

Asheville, NC: Redeveloping an Abandoned Historic Building Restores Tax Base 36

Asheville, NC: Fiscal Impact Case Study...... 41

Development Downtown Generates More Tax Revenue than Multiple Suburban Commercial Properties

Part II: Smart Growth Makes Money

II.1. Smart Growth Makes Money: Master Presentation

Suggestions for Using the Sourcebook...... 1

Two Basic Economic Arguments for Smart Growth...... 4

What is Smart Growth?...... 5

Smart Growth Promotes Economic Growth...... 6

Smart Growth Increases Economic Development...... 7

Smart Growth Attracts Talent...... 10

Smart Growth Draws Successful Businesses...... 13

Smart Growth Makes Money by Bringing People Together...... 17

Smart Growth Promotes Productivity by Increasing Transportation Choices20

Smart Growth Promotes Strong Metropolitan Economies...... 25

Smart Growth Creates More Jobs...... 27

Smart Growth Promotes Stability In Times Of Economic Uncertainty.....35

Smart Growth Neighborhoods Meet Market Demand...... 42

Smart Growth Adds Value through Walkability...... 54

II.2. Smart Growth Makes Money: Transit Oriented Development

II.3. Smart Growth Makes Money: Case Studies II

Arlington, VA: Transit-oriented Development Boosts Economy County-wide.1

Portland, OR: Streetcar Increases Investment and Redevelopment Activity..5

Atlanta, GA: Public Investment in Livability Centers Attracts Jobs and Private Capital 9

Silver Spring, MD: Green Tape Removes Barriers to Investment Downtown10

Greensboro, NC: Southside Neighborhood Revitalization Increases Tax Revenue 11

Lakewood, CO: New Town Center Attracts Investment...... 12

New Jersey: Hudson Bergen Light Rail Provides Opportunity for New Transit Oriented Development 13

Dallas, TX: Regional Light Rail Generates Property and Sales Taxes...... 14

Denver, CO: Home Values Increase Near Transit...... 15

Washington, DC: Main Street Improvements Attract New Jobs...... 16

Smart Growth and Economic Prosperity: A SourcebookTOC-1