White Paper: The Economic Benefits of Placemaking: Transportation Implications

This white paper analyzes evidence on the economic benefits of placemaking efforts that prioritize pedestrian and non-motorized access and that, at times, reduce vehicle miles traveled. The previous literature on the economic impacts of transportation has focused on theorizing and gathering evidence on ways that transportation infrastructure generates economic benefits at large geographic scales – often states or nations. That literature overlooks many of today’s transportation projects which are at the scale of a neighborhood and which typically include non-motorized transportation. The researchers summarize evidence on how locally oriented placemaking efforts are associated with benefits that help boost local economies. There is a high degree of evidence that there are economic benefits, on commercial property values, residential property values, business sentiment, and productivity, from density that are summarized as they relate to neighborhood oriented placemaking transportation policies. The researchers conclude by suggesting a systems view of metropolitan transportation that has a hierarchy of networks, from high-throughput metropolitan arteries to local, multi-modal, neighborhood planning with connections between the different levels of the system.

Language

  • English

Project

  • Status: Completed
  • Funding: $31919
  • Contract Numbers:

    Caltrans 65A0527 TO 030

  • Sponsor Organizations:

    California Department of Transportation

    1227 O Street
    Sacramento, CA  United States  95843

    National Center for Sustainable Transportation

    University of California, Davis
    Davis, CA  United States 

    Office of the Assistant Secretary for Research and Technology

    University Transportation Centers Program
    Department of Transportation
    Washington, DC  United States  20590
  • Managing Organizations:

    National Center for Sustainable Transportation

    University of California, Davis
    Davis, CA  United States 
  • Project Managers:

    Iacobucci, Lauren

  • Performing Organizations:

    National Center for Sustainable Transportation

    University of California, Davis
    Davis, CA  United States 

    METRANS Transportation Center

    University of Southern California
    Los Angeles, CA  United States  90089-0626
  • Principal Investigators:

    Giuliano, Genevieve

    Boarnet, Marlon

  • Start Date: 20160824
  • Expected Completion Date: 20170731
  • Actual Completion Date: 20171130
  • USDOT Program: University Transportation Centers

Subject/Index Terms

Filing Info

  • Accession Number: 01659868
  • Record Type: Research project
  • Source Agency: National Center for Sustainable Transportation
  • Contract Numbers: Caltrans 65A0527 TO 030
  • Files: UTC, RiP
  • Created Date: Feb 12 2018 4:53PM