Cities and regions can generate profound lasting benefits through investment in downtowns and center cities, according to The Value of U.S. Downtowns and Center Cities: Second Edition report by the International Downtown Association (IDA).
While often small in physical size, downtowns pack a punch. “From driving tax revenue and business activity to spurring smart development and innovative workplaces, downtowns play a pivotal role in the long-term health of a region,” according to a news release from IDA and Stantec, the association’s partner on the report.
The report updates The Value of U.S. Downtowns and Center Cities study released a year ago, with data and analysis that expands the scope to 24 downtowns with urban place management organizations across the United States. Downtown populations continue to grow and their economic prosperity increases as they mature.
Trends identified in this year’s report include:
· Tax revenue increases as downtowns move from emerging to established. Property tax revenue in emerging downtowns averages 11% of citywide property tax revenues, but increases to 32% in established downtowns.
· Downtown population growth far outpaces citywide growth, and it accelerates as downtowns move toward the established tier. Between 2010 and 2016, population grew by 29% in established downtowns, 37% in growing downtowns and 14% in emerging downtowns.
· As downtowns grow more robust, the income of their residents rises relative to the rest of the city. Established downtowns outperformed their cities, with median income at 110% of the citywide figure. This pattern underscores the importance of developing policies and mechanisms for keeping downtown housing accessible to all income levels.
· Downtowns become more concentrated employment centers as their stage of development progresses. Established downtowns have 52% of citywide jobs.
· Downtowns are multimodal hubs that rely less on cars than their cities. Established downtowns have nearly perfect Walk and Transit Scores (96 and 98 respectively).
The report can be downloaded at:
Related Stories
| Feb 26, 2013
ANSI standard for interior doors open for second public ballot
WDMA I.S.6A-11, Industry Standard for Interior Architectural Wood Stile and Rail Doors and WDMA I.S.1A-11, Industry Standard for Interior Architectural Wood Flush Doors, are now open for their second ballot for recognition as American National Standards.
| Feb 26, 2013
CRSI releases new technical note on stainless steel reinforcing bars
The Concrete Reinforcing Steel Institute (CRSI) has released a new technical note, Frequently Asked Questions (FAQ) about Stainless Steel Reinforcing Bars, to its online collection.
| Feb 26, 2013
Proposed ASHRAE standard revisions would boost requirement for automatic lighting
Proposed changes to the ASHRAE/IES energy standard would require automatic lighting controls in more space types and shorten the times before lighting is automatically reduced or shut off.
| Feb 20, 2013
Bill would make all California state building codes free and open source
California Assembly Bill 292 would make the California Code of Regulations (including the Building Codes) open source.
| Feb 20, 2013
Pittsburgh’s Phipps Conservatory aims for three top green certifications
The $15 million Center for Sustainable Landscapes at Phipps Conservatory and Botanical Gardens in Pittsburgh, a net-zero facility, is applying for certification from three of the world's most stringent green rating systems—the Living Building Challenge, LEED Platinum, and the Sustainable Sites Initiative.
| Feb 20, 2013
ANSI/CRRC Cool Roof Standard has been approved
The Cool Roof Rating Council says the American National Standards Institute has given final approval of its ANSI/CRRC-1-2012 Standard after a two-year public review process.
| Feb 20, 2013
Group of West Coast civil engineers developing building standards for tsunamis
A group of civil engineers from around the western U.S. is developing additions to the building code to address the threat of a tsunami.
| Feb 20, 2013
Higher standards, efficiency programs keys to 40% energy usage reduction in commercial buildings since 1980
Commercial buildings have seen a drop in their energy intensity of more than 40% since 1980, according to a recent report from Bloomberg New Energy Finance and the Business Council for Sustainable Energy.
| Feb 12, 2013
Higher education institutions providing leadership on sustainability
More than 665 U.S. colleges and universities have publicly committed to pursue net-zero carbon emissions.
| Feb 12, 2013
ASHRAE publishes protocols for performance measurement
ASHRAE has published “Performance Measurement Procedures for Commercial Buildings: Best Practices Guide,” a how-to guide for continuously evaluating and improving the performance of commercial buildings throughout their service life.
