Christopher B. Leinberger expounds on the mortgage crisis plaguing America, particularly the exurbs. Rather than being a product of the excesses of bank lending and regulation, Leinberger attributes it to demographic changes benefiting cities.
Urban theorist Leinberger is a "senior fellow at the Brookings Institution and professor of practice in urban and regional planning at the University of Michigan." He discloses his bias on this urban/exurban debate: " I am the president of Locus, a coalition of real estate developers and investors and a project of Smart Growth America, which supports walkable neighborhoods and transit-oriented development".
Leinberger's basis for his prediction on decline of the exurb and growth of walkable, inner-ring suburbs and cities is his research.
"In the late 1990s, high-end outer suburbs contained most of the expensive housing in the United States, as measured by price per square foot, according to data I analyzed from the Zillow real estate database...Today, the most expensive housing is in the high-density, pedestrian-friendly neighborhoods of the center city and inner suburbs"
"Simply put, there has been a profound structural shift - a reversal of what took place in the 1950s, when drivable suburbs boomed and flourished as center cities emptied and withered.
The shift is durable and lasting because of a major demographic event: the convergence of the two largest generations in American history, the baby boomers (born between 1946 and 1964) and the millennials (born between 1979 and 1996), which today represent half of the total population.
The cities and inner-ring suburbs that will be the foundation of the recovery require significant investment at a time of government retrenchment. Bus and light-rail systems, bike lanes and pedestrian improvements - what traffic engineers dismissively call "alternative transportation" - are vital. So is the repair of infrastructure like roads and bridges."
Thanks to Loren Spiekerman
FULL STORY: OP-ED CONTRIBUTOR The Death of the Fringe Suburb
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
The state-sanctioned urbicide of Austin
People don’t kill cities. Freeways do.
US to reduce Colorado River water deliveries to Mexico
A new Colorado Treaty amendment reduces Mexico’s Colorado River water allocation by 250,000 acre feet.
5 New England states march closer to 800 megawatt wind energy project
Securing federal approval for the project may be complicated under the Trump administration, which has historically been hostile towards domestic wind power.
Baltimore to break ground on $50 million Transit Priority Project
The project will bring faster bus trips, safer streets and better bike connections to Baltimore.
Airbnb launches $250 million 'last-dollar financing' housing accelerator, makes first investment in Austin
The company will put $6.4 million towards affordable housing development in Texas’ capital.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
Eagle County Government
Harvard University Graduate School of Design
Nashville Planning Department
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello
Journal of the American Planning Association