good walking is good business wendy landman
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good walking is good business (biking too!)
making massachusetts more walkable
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Retailer, homeowner, city official, or CEO — walkability helps your entire community grow and prosper
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Four broad areas of benefit
• economy
• business
• health
• real estate
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Broad based economic strength
... many states with higher VMT (vehicle miles
traveled) per capita actually performed worse
economically than those with lower rates of
driving.
— Kooshian & Winkelman, Center for Clean Air Policy, 2011
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Disposable income
• Transportation is the second largest household
expense in the U.S. Driving a newer sedan in 2011
cost an average annual amount of $8,946. —AAA
• Each additional car in a household budget
reduces that household’s mortgage capacity by
about $150,000. —Robert Freedman, Realtor Magazine
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Job impacts of infrastructure investment
... Bicycling and walking projects create 11-14 jobs
per $1 million spent, compared to just 7 jobs
created per $1 million spent on highway projects.
—Alliance for Biking & Walking, 2012 Benchmarking Report ”
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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 ”“
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Local business
... retail sales are up along city streets that have
bike paths, pedestrian plazas, slow zones or
select bus service…
— NYC DOT, 2012
Shoppers who arrive in urban neighborhoods….
on foot or by bicycling spent more month to
month.
— NYC, Portland OR
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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 ”“
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Health
Active transportation yields: lower BMI (body
mass index), lower waist circumference, lower
odds of high blood pressure and diabetes…
— American Journal of Preventive Medicine, 2012
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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 ”
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Public health costs
If one in ten Massachusetts adults started a
regular walking program, the state would save
$121 million in heart disease expenditure
annually.
— MA Department of Public Health, 2008
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Real Estate
Nearly half of the U.S. population – 150 million
baby boomers and their children – may be in the
market for walkable, transit-oriented neighbor-
hoods with smaller homes.
— Brookings Institution, 2011
Among people younger than 19:
• 1998 – 64.4% had a driver’s license
• 2008 – 46.3% had a driver’s license
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Homebuyers will pay a $20,000 to $34,000 premium for homes in
pedestrian-friendly communities.
— CEOs for Cities, 2009
135 Commonwealth Ave, Unit #2&2A, Concord Unit size: 2246 sq ft Lot Size: 27,878 sq ft Parking spots: 5 Walk Score: 78
5A Chestnut St. Andover 0 Beds, 0 baths Home size: 500 sq ft year built :1900 Parking spots: 1 Days on market: 13 WalkScore: 83 Price/sq ft: $3.60
[73 =$2.60]
A 10-point increase in Walk Score increases commercial property values by 5% – 8%. [University of Arizona & Indiana University, 2010]
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Real estate
Real estate values over the next 25 years will rise
fastest in communities with a compact mix of
residential and commercial districts in a pedestrian-
friendly configuration.
— Real Estate Research Corp, 2002 ”
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The community support that will get us there
Small-scale pedestrian improvements along streets
result in higher physical activity levels and have high
levels of public support.
— Centers for Disease Control, 2011 ”
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