Trail-Oriented Development

Started by finehoe, March 30, 2016, 10:27:07 AM

finehoe

Cyclists, take note: real estate developers and cities are becoming more responsive to your needs by creating an increasing number of communities tailored to those who would rather bike than drive. A new Urban Land Institute (ULI) publication, Active Transportation and Real Estate: The Next Frontier identifies this trend as "trail-oriented development," the latest phase in the evolution of urban development from car-centric to people-friendly design.

Similar to transit-oriented development, trail-oriented development takes advantage of and leverages infrastructure that supports active ways of getting around in urban areas. "Communities big and large are now investing in bicycle and pedestrian infrastructure. Their efforts are reshaping destinations across the globe, and have the potential to benefit people of all income brackets, as biking provides mobility for those needing or wanting a less expensive alternative to automobile ownership, maintenance and use," the report states.

The report, written by ULI Senior Vice President Rachel MacCleery and ULI Senior Resident Fellow Edward McMahon, examines the impact of the growing interest in active transportation on economic development, public health, air quality, community design and real estate design and investment. "At its core, the bicycle boom is about people choosing a lifestyle that gives them more options and requires less dependence on motor vehicles," it says. "Through supporting bike infrastructure, real estate professionals can play a significant role in creating healthier, more sustainable communities. They can also help position their projects and communities in a marketplace that increasingly values active transportation."

http://uli.org/press-release/trail-oriented-development-active-transportation-report/

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