Fewer Drivers Can Create Benefits For Local Economies

A new report looks at how reducing the amount of driving can create sizable economic benefits for cities.

"Because Portland-Vancouver drivers log 20 percent fewer miles a day than most U.S. urban dwellers and spend less on cars and gasoline as a result, the region's economy saves $2.6 billion a year, or about 3 percent of the area's annual economic output, according to a new study for the Chicago-based CEOs for Cities."

"'It stimulates local businesses rather than rewarding Exxon or Toyota,' says the five-page report titled 'Portland's Green Dividend' and authored by Portland economist Joe Cortright."

"As cities from Los Angeles to Miami look to remake themselves with rail transit and mixed-use housing, the report could have widespread implications."

"It raises the question of how much it costs Americans to live in cities that require residents to drive for nearly all their daily needs. Though transit, bicycling and walking are relatively minor contributors to Portland's savings, the study implies that development patterns that shorten commutes and facilitate walking, bicycling and using transit can have a positive economic impact."

Full Story: Less driving is more cash for Portland

Comments

Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
$24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
Woman wearing city map tote bag

City Shoulder Totes - New Cities Added!

Durable CityFabric© shoulder tote bags available from 9 different cities.
$22.00

City Coasters

Hand-drawn engraved maps of your favorite neighborhoods are divided up across 4 coasters making each one unique.
$36.00