The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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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.
Read more.
Labels:
#construcion,
#development,
#energyefficiency,
#GenerationY,
#millennials,
#taxes,
#transportation,
#urbancore
Location: Portland, Ore.
Portland, OR, USA
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