ECONOMIC AND SOCIAL CONSIDERATIONS

THE ECONOMIC CONSIDERATIONS OF JOINT DEVELOPMENT AND MULTIPLE USE ARE DISCUSSED. THE NEED TO REJUVENATE THE URBAN CENTERS IS EMPHASIZED BY UTLIZING JOINT DEVELOPMENT AND MULTIPLE USE AS CATALYTIC AGENTS FOR PRECIPITATING THE REINVESTMENT IN THE URBAN CORE. APPROPRIATE CHANGE IN ENVIRONMENTAL CONDITIONS WITHIN THE URBAN CENTER COULD CHANGE PEOPLE'S ATTITUDES TOWARD IT. IN THE NEXT TEN YEARS OR SO THE SUBURBS ARE GOING TO HAVE TO ABSORB AN ADDITIONAL 35 MILLION OR MORE PEOPLE. IF THE DECAY IN THE CENTRAL CITIES CAN BE COUNTERACTED, THE CURRENT EXODUS FROM THE CITY TO THE SUBURBS MAY BE COUNTERACTED. INVESTMENT IS CURRENTLY TAKING PLACE WHERE GROWTH IS TAKING PLACE BECAUSE THESE ARE THE AREAS WHERE A RETURN CAN BE OBTAINED. HOWEVER, WE ARE NOT REINVESTING IN THE CENTRAL CITIES BECAUSE THE DWINDLING POPULATION RESULTS IN SUBMARGINAL INVESTMENT OPPORTUNITIES. BY REDIRECTING PUBLIC POLICY BACK TOWARD THE CITY CENTER, PRIVATE INVESTMENT MAY BE REDIRECTED. THE PROBLEM OF FINANCING AND ALLOCATION OF COSTS IS ALWAYS PRESENT IN JOINT DEVELOPMENT PROJECTS. THERE ARE NO FIRMLY STATED POLICIES AND THE COST ALLOCATION BETWEEN THE FEDERAL GOVERNMENT AGENCY AND THE LOCAL COMMUNITY OR PRIVATE COMMUNITY IS ON AN INDIVIDUAL PROJECT BASIS. THE CREATION OF A PUBLIC DEVELOPMENT CORPORATION TO ACQUIRE NECESSARY LAND FOR THE DEVELOPMENT OF JOINT PROJECTS EITHER IN CONJUCTION WITH OTHER PUBLIC ACTIVITIES OR PRIVATE INVESTMENT OPPORTUNITIES IS ADVOCATED.

Media Info

  • Media Type: Print
  • Features: Figures;
  • Pagination: pp 112-118
  • Monograph Title: Joint development and multiple use of transportation rights-of-way; proceedings of a conference held November 14-15, 1968, Washington, DC
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00201675
  • Record Type: Publication
  • Files: TRIS, TRB, ATRI
  • Created Date: Aug 25 1994 12:00AM