How To Attract Retirees -- But Not Sprawl

22 October 2004 - 11:00am

Mobile Bay, Fairhope in Alabama is fast becoming a popular retirement spot. It has all the right amenities.

"Alabama certainly gets hot and sticky in the summer. But that's where the cliches seem to end. Sitting on the bluffs of Mobile Bay, Fairhope -- long a haven for artists and writers -- is becoming popular among retirees. The town and surrounding area, according to transplants, have a character that defies Southern stereotypes.

... But quaint is giving way to busy. Fairhope's population, which now stands at about 13,100, has jumped about 28% since 1990. Mobile Bay prevents the town from developing to its west. East of the city, though, rolling farmland is now dotted with subdivisions and shopping centers. Residents worry that the fast-paced growth will jeopardize the small-town feel."

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Source: Wall St. Journal, October 21, 2004
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At a much larger economic scale, however, one mustn’t avoid calculating the tremendous and exceptional externalities of automobile dependency.