Friday, March 27, 2015
What Does Poor Urban Design Cost in America? $1 Trillion.
In a new report by LSE Cities and the Victoria Transport Policy Institute posted on CityLabs.com, sprawl costs America about $1 trillion per year. Increases up to 80 percent per capita land consumption and 60 percent of car use can occur. Combined, the report estimates incurred costs of $626 billion per year for people living in sprawling areas and $400 billion for those outside of them.
Millennials continue to move into urban centers for the desire to live in walkable areas with numerous public transportation options; however, many developers are hesitant to move forward with building compact housing.