Most of us feel attached to our neighborhoods, but can this emotional connection help fuel local economies? According to a multi-year study by Gallup and the John S. and James L. Knight Foundation, the answer is yes: Communities with high levels of attachment actually have higher local GDP growth.
Surprisingly, the top factors that encourage community attachment are aesthetics and having spaces for people to socialize, according to 43,000 survey participants who ranked these factors above safety, education, and municipal services. But with foreclosures and vacant buildings and the resulting loss of tax revenue, how do you create and pay for public spaces?
American taxpayers will shell out many times what their counterparts in developed cities in Europe and Asia would pay. In the case of the Second Avenue line and other new rail infrastructure in New York City, they may have to pay five times as much.
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