By now, it's well known that walkability is no longer a luxury, but a key to economic development. The question now is, how do we get walkable and what's the potential ROI? This presentation shows how Long Island can once again become a destination by using State of Place to identify optimal interventions and investments that will not only boost walkability but its ROI.
The Return on Place: How to Boost Long Island's State of Place
1. What’s Your
Long Island’s
State
of
Place™
Mariela Alfonzo, Ph.D.
Founder, State of Place
Assistant Research Professor, NYU
Economic Development & Infrastructure Summit
Long Island, NY
3. IN
TOP VC
5 INVESTMENT
MA R K E T S
58%
OF
CAPITAL
WENT
CENTER TO CITY
OR
WALKABLE
SUBURBS
60%
OF AMERICANS
SURVEYED WANT
MIXED
UWSAELKABLE
NEIGHBORHOODS
4. State of Place™ Index: 5, Very Low
State of Place™ Index: 90, Very Good
11. 280+
URBAN
DESIGN
FEATURES
TOUCH,
SEE &
FEEL
WALKABILIT
Y
FROM
ARCADES
TO
ZEBRA STRIPES
12. TRAINING
VIDEO
+
VIRTUAL FIELD
TRAINING
TRAINED
COMMUNITY
MEMBERS OR STAFF
COLLECT DATA
10-15
MINUTES/B
LOCK
STATE OF
PLACE APP
SEAMLESSLY
TRANSFERS
DATA TO
SERVERS
13. State of Place™ Index
0 - 20
21 - 40
41 - 60
61 - 80
81 - 100
QUANTIFIES
WALKABILITY &
PLACE QUALITY
Very Low
Low
Moderate
Good
Very
Good
0
100
14. State of Place™ Index: 10 Dimensions
Density
Measure of compactness based on building concentrations
and height
Connectivity Ease of access within and across blocks
Form Streetscape quality; how buildings meet the street
Proximity to destinations
Quantity and quality of proximal non-residential land uses;
mixed use
Parks and Public Spaces Presence, quality, and accessibility of parks & public spaces
Recreational Facilities Gym/fitness facilities, Outdoor recreational uses
Pedestrian & Bicyclist Amenities
Features that facilitate pedestrian & bicyclist comfort; e.g.
sidewalk widths, street furniture, bike racks
Traffic Safety
Features that make walking and bicycling safer from
motorist traffic; e.g., speed limits, traffic calming features
Aesthetics Attractiveness and maintenance
Personal Safety
Features that impact perceptions of safety; e.g. graffiti,
litter, windows with bars, broken windows
15. State of Place™ Profile
Maximum
Score
Possible
Ex: Traffic Safety = 42/100
19. State of Place™ Index:
Tied to Economic Value
+ $9 SF OFFICE RENTS
+ $7 SF RETAIL RENTS
+80% RETAIL
+ $300 UNIT RES. RENT
+$81 SF FOR-SALE
0 - 20 Low
Very Low
41 - 60
Moderate
61 - 80
Good
81 - 100
Very
21 - 40 Good
REVENUES
RES. VALUE
*PREMIUMS FOR EACH
LEVEL INCREASE
20. State of Place™
Decision-making Framework =
Optimized Strategies
Needs Goals Capacity
BUDGET
WALKABILITY
ROI
FEASIBILITY
STAKEHOLDER
CAPABILITIES
Desire
PEOPLE
24. Let’s Boost
Long Island’s
State
of
Place™
www.stateofplace.org
An
company
Editor's Notes
So state of place puts these research principles into practice
As a rating system:
Guide investment decisions
Underwrite debt/equity
Businesses/Developers choose locations
Advocates/social equity agencies (like HUD) identify places that need investment/help
For example, a lender may choose to fund a new development in a AAA neighborhood over an A because it’s less risky; OR on the flip side, an investor may choose to develop in a level A over a level AAA because he or she sees more potential for up-side.
So state of place puts these research principles into practice
As a rating system:
Guide investment decisions
Underwrite debt/equity
Businesses/Developers choose locations
Advocates/social equity agencies (like HUD) identify places that need investment/help
For example, a lender may choose to fund a new development in a AAA neighborhood over an A because it’s less risky; OR on the flip side, an investor may choose to develop in a level A over a level AAA because he or she sees more potential for up-side.
So state of place puts these research principles into practice
As a rating system:
Guide investment decisions
Underwrite debt/equity
Businesses/Developers choose locations
Advocates/social equity agencies (like HUD) identify places that need investment/help
For example, a lender may choose to fund a new development in a AAA neighborhood over an A because it’s less risky; OR on the flip side, an investor may choose to develop in a level A over a level AAA because he or she sees more potential for up-side.