A new article in Harvard Business Review "Back to the City" predicts a major cultural and demographic shift away from suburbia and back toward central cities.
It cites United Air Lines' plan to move its operational center to downtown Chicago from the suburb of Elk Grove, and Walgreens buying New York drugstore chain Duane Reade, "signaling a deliberate decision to improve its capabilities in urban settings."
Interestingly, it says:
"A recent report sponsored by Bank of America, the Greenbelt Alliance and the Low Income Housing Fund examines the inefficiencies of the current “geographical mismatch between workers and jobs.” Focusing on California, it says that sprawl “reduc[es] the quality of life,” “increase[s] the attractiveness of neighboring states,” and yields “higher direct business costs and taxes to offset the side-effects of sprawl”— which include transportation, health care, and environmental costs."
"To put it simply," the HBR article says, "the suburbs have lost their sheen: Both young workers and retiring Boomers are actively seeking to live in densely packed, mixed-use communities that don’t require cars—that is, cities or revitalized outskirts in which residences, shops, schools, parks, and other amenities exist close together. "
Tuesday, April 27, 2010
BofA-sponsored report raps sprawl
Thursday, June 11, 2009
My picks for best places to stand in Charlotte
I asked your opinions - and thanks for sharing, everyone - but didn't give mine.
Monday, October 27, 2008
Foxx reels in big-name backers
At-large City Council member Anthony Foxx announced today he's running for mayor next year regardless of whether incumbent Mayor Pat McCrory wins the governor's race.
Foxx, a Democrat, told me he's rounded up enough early support to go for it. Among those supporters, he said -- and I was prying, he wasn't just tossing out these names -- are retired Bank of America CEO Hugh McColl Jr. and local Democratic Party bigwig Cammie Harris. McColl usually -- but not always -- backs Democrats.
Foxx told me he had decided just within the past few weeks, although he's been thinking about running for months. But he sent letters to supporters or potential supporters late last week. "I would defind that as the point of no return."
He'll probably face impressive opposition, likely Republican council member John Lassiter (if McCrory is ensconced in Raleigh) and possibly Democratic state Sen. Malcolm Graham, who's also been thinking about running for mayor for some time. Both are generally well-regarded and, in my experience, do a good job as elected officials, as does Foxx.
"Why now?" I asked Foxx. He gave a thoughtful and even visionary answer, which in a politician is refreshing. (Note: Lassiter and Graham could probably do the same. Many elected officials can't.) Part of it was a discussion of the current problems the city faces and how many of them are, in fact, regional problems: The economy. Transportation. The environment.
"When I ask people where the city's going, it's a microcosm of the country," he said. "People don't know where we're going."
Foxx grew up in Charlotte, went to Davidson and NYU law school. He's been on the council since 2005.