Economically vibrant and resilient communities often share a
common set of traits that enhance residents' connection to the place they live.
A recent study by the Knight Foundation found “connection to place” to be the
leading indicator of the prosperity of a community. The higher levels of civic
engagement promoted by this sense of connection can result in measurable
increases in community wealth.
Research by groups including Preservation Green Lab are
beginning to identify and quantify these community traits. Smaller buildings
and historic districts play important roles in supporting more livable,
socially diverse, and economically resilient communities. In addition to their
unique character, these neighborhoods with more diverse building stock can also
be more attractive due to their generally greater walkability.
Several key measures of vitality, diversity, and economic
performance are significantly associated with the presence of smaller buildings
and with diversity of building age. The measurably higher economic performance
and livability of areas with this type of urban fabric argue for their
preservation where they exist, and their enhancement through infill and
redevelopment opportunities. Often, however, adaptive reuse policies at the
city level can act in opposition to economic development goals. The result can
be the destruction of vintage-modern buildings and a stifling of business
This ULI webinar will outline the economic development
benefits of locally-funded, smaller-scale, infill neighborhood development. The
program will also provide examples of how city-level policies can unwittingly
work at cross-purposes and will suggest solutions for building comprehensive,
cooperative real estate and economic development policies.
- Quantifying the impact of local economy work and
- The link between preservation, infill development, and
- Spatial characteristics and economic development and
- Aligning real estate and economic development policies for
job creation and talent retention
- The business case for adaptive reuse of buildings
- The importance of community banks in financing unique urban
March 03, 2016 12:00 PM Eastern