From: Chris Leinberger, LOCUS <info@smartgrowthamerica.org>
Date: Wed, Mar 11, 2015 at 11:07 AM
Subject: The Boston WalkUP Wake-Up Call
To: beth@greenactioncentre.ca
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Beth— Metropolitan Boston is poised to be one of the most walkable metro areas in the country. This is one of the exciting findings of The WalkUP Wake-Up Call: Boston, a new report unveiled in Boston today at LOCUS’s first-ever New England Leadership Summit. The new research defines—for the first time—the form and function of all land use in metropolitan Boston’s 3,100 square miles, identifying 57 regionally significant walkable urban places (or “WalkUPs”) in metro Boston and ranking them based on economic performance and social equity performance. Looking ahead to future opportunities, the report also identifies emerging and potential WalkUPs where new development could go. Real estate values in WalkUPs are 37% higher across all product types than drivable sub-urban development. And public revenues are also substantially higher in these areas: On a per acre basis, walkable urban development generates 12 times the tax revenues as drivable sub-urban.
While the economic outlook for WalkUPs is strong, this drive towards a more walkable future in Boston is not without its concerns. Proximity to transit for households and employers remains a challenge, and the affordability of walkable urban places in Boston will shrink over time as they become more and more popular. As a beacon to other cities, it’s our hope that Boston’s major shift to walkable development will help reshape the way developers approach urban design and planning, regulation, financing and construction nationwide and inspire us to rethink the way we manage our investments in the built environment. Read the full report to learn more.
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