Saturday, March 17, 2012

Complete Streets good for business, another case study

West Palm Beach, Florida
Results of revitalization plan applying Complete Streets principles. The City is now planning to create a 24-hour Downtown by encouraging new mixed use and residential development to enhance the pedestrian-orientation of the area.
1993:
  • Vacancy 1993: 70%
  • Property Values $10-$40 ft2
  • Commercial Rents $6 ft2
  • $10M invested for revitalization
  • Average home price $65k

1998:
  • Vacancy 1993: 20%
  • Property Values $50-$100 ft2
  • Commercial Rents $30 ft2
  • Attracted $350M private investment
  • Average home price $106k

Ian Lockwood,West Palm Beach Transportation Planner, (561) 659-8031
e-mail ilockwoo@ci.west-palm-beach.fl.us

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