The Economic Value of Walkability: New Evidence
In L.A., a walkable neighborhood comes at a price
Articles in the City Observatory and the LA Times highlight the way in which the demand for walkability increases costs for housing in walkable neighborhoods... one way to help our existing walkable neighborhoods stay affordable is to increase walkability overall.
“American’s attach a large and apparently growing value to the ability to live in walkable neighborhoods. The high price that we now have to pay to get walkable places ought to be a strong public policy signal that we should be looking for ways to build more such neighborhoods. Too often, as we’ve noted, our current public policies–like zoning–effectively make it illegal to build the kind of dense, interesting, mixed-use neighborhoods that offer the walkability that is in such high demand.”