Urban Redevelopment Booming

Gabriel Nelson of Greenwire reported last week on an EPA study suggesting that redevelopment in the urban core continues steadily, while development in the suburbs has stalled. Of course, the booming redevelopment movement has been strongest in areas with strict regional land-use policies – but the pattern is also evident in areas known for sprawl, like Chicago and Los Angeles.

The report states:

This acceleration of residential construction in urban neighborhoods reflects a fundamental shift in the real estate market. The market fundamentals are shifting toward redevelopment even in the absence of formal policies and programs at the regional level.

Having the full support of the White House administration for transit-oriented, dense urban development has helped, but Nelson suggests that the market was already heading in this direction (with the government support one step ahead). It seems that more and more people are inclined to live in urban areas (partly for improved quality of life that comes from not being stuck in a car all the time, and partly for environmental concerns).

Is smart growth taking hold in U.S. cities, as the report suggests?

About Beata Bujalska

Beata Bujalska is the former Campaign Coordinator for Renew Lehigh Valley. She currently lives in Panama, a place that fascinates her due to (among other reasons) its recent development boom.

Posted on March 29, 2010, in Housing, Municipal Government, Public Infrastructure and tagged , . Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: