A new report was released by the Center for Clean Air Policy entitled, "Growing Wealthier: Smart Growth, Climate Change and Prosperity." Authors Chuck Kooshian and Steve Winkelman discuss how application of smart growth principles can improve the bottom line for businesses, households and governments by increasing property values, cutting fuel and infrastructure costs, creating jobs, enhancing public health and strengthening communities.
In the report, which was funded by Surdna, The Rockefeller Foundation, and the Kresge Foundation, the authors make the observation that application of smart growth principles can improve the bottom line for businesses, household budgets and government balance sheets by increasing property values, cutting fuel and infrastructure costs, creating jobs, enhancing public health and strengthening communities. Cities investing in public transportation and downtown development are experiencing cost savings, growing tax revenues, increased property values and booming retail sales, while pent-up demand for walkable communities is reshaping the real estate market.
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