Greenfield Economics Explained

Aaron Renn of Urbanophile explains the allure of "greenfield economics" and that the process of urban and suburban decay is cyclical in nature.

From post on Urbanophile.com:

"What is greenfield economics? This is simply the set of conditions that flow from building on new territory or exploiting new markets vs. redevelopment of old places, organizations, etc. Being able to start with the proverbial blank slate enables a huge number of benefits."

Among these benefits, according to Aaron Renn: everything is new and state of the art, no legacy costs, no legacy institutions and culture, scale economies are in your favor, few low-income residents, and ability to defer infrastructure costs.

"You might say that this is a transitory state and the problems of the city will eventually hit the suburbs as well. Very true. And indeed, that's what we see."

Full Story: Replay: The Power of Greenfield Economics

Comments

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

Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
AICP CTP Storefont Display

The first online AICP* CTP exam prep class

Are you ready to take the AICP* Certified Transportation Planner exam?
Priced at $245 for May exam!

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $25.