Walkability=Financial Opportunity
While there is no denying the negative impact of the current national credit-based housing crisis, Lakewood's walkability makes us well-poised to take advantage of social and environmental trends for our future economic benefit. Go to mainstreetlakewood.org/development to read The Economic Benefits of Walkable Communities, which notes ties between walkability, housing values, retail sales, sustainability and the “new economy”.
Sound familiar?
For example, a California think tank, Collaborative Economics, in a report titled Linking the New Economy to the Livable Communities noted “...the connections between the physical design of communities and dynamic elements of the new knowledge-driven, service-oriented economy. The contemporary economy – with its smaller, decentralized firms – thrives on land use patterns that harken back to the towns of early industrial years, with city centers, corner stores and streetcar suburbs. Walkable downtowns with a mix of restaurants, offices and housing promote interaction. Interaction is key since the new economy thrives on accessibility, networking and creativity.”
Pedestrian-friendly communities typically include “...design features… of interconnected, often narrow streets, sidewalks, a mix of residential, retail and office land uses, and features such as street trees, short front yard set-backs, front porches, and rear garages accessed by alleys.”
With the economy slowing, gas prices over $3.50/gallon and skyrocketing obesity and diabetes rates, there is no time like the present to promote, protect and enhance the pedestrian-friendly infrastructure of Lakewood. Our residents are our very best advertisers. Celebrate and embrace wonderful, walkable Lakewood!
