Good walking is good business wendy landman


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Good walking is good business wendy landman

  1. 1. good walking is goodbusiness (biking too!) making massachusetts more walkable
  2. 2. Retailer, homeowner, city official, or CEO —walkability helps your entire community grow andprosper
  3. 3. Four broad areas of benefit• economy• business• health• real estate
  4. 4. Broad based economic strength“... many states with higher VMT (vehicle milestraveled) per capita actually performed worseeconomically than those with lower rates ofdriving. ”— Kooshian & Winkelman, Center for Clean Air Policy, 2011
  5. 5. Disposable income• Transportation is the second largest householdexpense in the U.S. Driving a newer sedan in 2011cost an average annual amount of $8,946. —AAA• Each additional car in a household budgetreduces that household’s mortgage capacity byabout $150,000. —Robert Freedman, Realtor Magazine
  6. 6. Job impacts of infrastructure investment“... Bicycling and walking projects create 11-14 jobsper $1 million spent, compared to just 7 jobscreated per $1 million spent on highway projects.—Alliance for Biking & Walking, 2012 Benchmarking Report ”
  7. 7. Local businesses“... thrive in densely-built, walkable communities, and are more likely to stock local products, supporting other local businesses.— American Independent Business Alliance, 2003 ”
  8. 8. Local business“... retail sales are up along city streets that havebike paths, pedestrian plazas, slow zones orselect bus service…— NYC DOT, 2012 ”“Shoppers who arrive in urban neighborhoods….on foot or by bicycling spent more month to ”month.— NYC, Portland OR
  9. 9. Attracting & retaining employees“Younger workers want to be in walking distance of work, restau- ”rants, and shopping; they’re looking for more social interaction.— CNN/Fortune, 2011
  10. 10. Health“Active transportation yields: lower BMI (bodymass index), lower waist circumference, lowerodds of high blood pressure and diabetes…— American Journal of Preventive Medicine, 2012 ”
  11. 11. “ Employees can save $16 for every $1 they spend on health and wellness, and workplace fitness programs have been shown to reduce employer health care costs by 20% — 50%. — American Heart Association, 2011 ”
  12. 12. Public health costs“If one in ten Massachusetts adults started aregular walking program, the state would save$121 million in heart disease expenditure ”annually.— MA Department of Public Health, 2008
  13. 13. Real Estate“Nearly half of the U.S. population – 150 millionbaby boomers and their children – may be in themarket for walkable, transit-oriented neighbor- ”hoods with smaller homes.— Brookings Institution, 2011Among people younger than 19:• 1998 – 64.4% had a driver’s license• 2008 – 46.3% had a driver’s license
  14. 14. A 10-point increase in Walk Score increases commercial 5 0 property values H by 5% – 8%. y [University of Arizona & P Indiana University, 2010] D W P [“Homebuyers will pay a $20,000 to $34,000 premium for homes in ”pedestrian-friendly communities.— CEOs for Cities, 2009 1 U U L P
  15. 15. Real estate“Real estate values over the next 25 years will risefastest in communities with a compact mix ofresidential and commercial districts in a pedestrian- ”friendly configuration.— Real Estate Research Corp, 2002
  16. 16. The community support that will get us there“Small-scale pedestrian improvements along streetsresult in higher physical activity levels and have high ”levels of public support.— Centers for Disease Control, 2011