Conditions for economic prosperity: transforming residential neighbourhoods

Tina Barton

Abstract


In every city there are stories of neighbourhood successes and failures. Why do some neighbourhoods excel at attracting and sustaining economic activity, whereas others fail? What conditions would best assist a neighbourhood in enhancing its economic prosperity? This paper examines the connection between transit-oriented development and economic impact, with a comparison of bus versus light-rail transit implications. “Complete streets” and mixed-use models of development, evolving lifestyle preferences, and related opportunities for community economic development are explored. Communities, municipalities and neighbourhood business associations can draw upon these models, practices and strategic considerations to guide their planning for future economic success.

Keywords: Suburban economic development, neighbourhood revitalization, transit-oriented development, mixed-use neighbourhoods, community placemaking

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References


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DOI: http://dx.doi.org/10.15353/pced.v17i0.77

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