Weekend Reel: Economics of Downtown Development

I recommend email readers click through to the website to see the embedded .

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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