Chapter 3Economics of Regional and Community Growth

• Economic Factors Influencing the Growth and Decline of Cities (Comparative Advantage) Community growth factors• Transportation facilities (Ports, Rail, Air)• Educational facilities (The Triangle)• Other created factors (utilities, tax rates, culture)• Natural resources (Iron & Steel)• Climate (Florida, California, Las Vegas)• Labor force (Textiles NE to SE)• Leadership (Pro-growth)

Chapter 3Economics of Regional and Community Growth

• Concept of an Economic Base– Export (basic) activities• Agriculture, manufacturing, mining, wholesale

trade, & post secondary education

– Population serving (non-basic) activities• Construction, public utilities, retail trade

Chapter 3Economics of Regional and Community Growth

• Location of People– Why do people locate where they do?– Jobs and Employment– Climate (Snow Birds)

Chapter 3Economics of Regional and Community Growth

• Analyzing Local Real Estate Demand– Short-run Demand• Current supply of real estate improvements

• Current industrial structure

• Recent changes in the local economy

• Likely economic changes in the near future

Chapter 3Economics of Regional and Community Growth

• Analyzing Local Real Estate Demand– Long-run Demand• Long-run economic prospects for the local

economy

• National & regional trends likely to affect the local economy

• Likelihood of new firms coming into the area

Chapter 3Economics of Regional and Community Growth

• Models of Urban Growth Patterns– A city may grow in several ways• Vertically

• In-filling

• Extension of settled areas

Chapter 3Economics of Regional and Community Growth

• Models of Urban Growth Patterns– Growth Models• Concentric Circle growth (Filtering)

• Axial growth

• Sector growth

• Multiple-Nuclei growth

Chapter 3Economics of Regional and Community Growth

• Importance of Public Facilities Infrastructure in the Growth Process– Transportation facilities– Water and Sewer facilities

Chapter 3Economics of Regional and Community Growth

• Urban Form: A Synthesis– Commercial growth (Access to Residents)– Industrial Growth (Rural Locations)– Residential Growth (Public Services/Empl.)

Chapter 3Economics of Regional and Community Growth

• Dynamics of Neighborhood Change– What is a neighborhood?– Neighborhood change• Gestation, Youth, Maturity

• Incipient, Clear, Accelerating Decline

• Gentrification

– Neighborhood stabilization and rehabilitation