Weekend Reel: Economics of Downtown Development

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Here’s a great video that’s required watching for the connoisseur within. Raleigh’s Chief Planning and Development Officer, Mitchell Silver, gives a presentation about the return on investing in downtowns versus the suburbs.

I was at this presentation and thought it very informative. Enjoy!

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Worth watching, but for a quick summary of Mitchell Silver’s points about the downtown Raleigh advantages to business and residents I’ve listed them here.

Downtown Advantages to business
- Access to universities
- Proximity to government
- Context to business nodes (banking, legal, accounting, design)
- Fun & dynamic place to work for employees
- Transit accessible / walkable

Downtown Advantages for residents
- The city is your living room
- Reducing physical possessions
- Fewer household duties
- Healthier lifestyle through walking
- More sustainable environmental effect
- Opportunity for commute reduction
- Social connectivity / diversity

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