A new study by Christopher Leinberger shows that walkable, urban places, or “WalkUPs,” are good for the economy, generating tax income far in excess of the proportion of land they consume. The study also showed there is pent-up demand for these types of places, which redirect development to downtown centers and first-ring suburbs. Leinberger notes that it is the educated, creative workforce (increasingly comprised of 1-2 person households) that prefers WalkUPs, and those metro areas without them will be left behind.
Read the full article from Better! Cities & Towns here: Study: Shift to walkable urban places is good news for economy