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E-M:/ Some real estate advice....AVOID SPRAWL! an excerpt from the STPP's "Transfer"

Enviro-Mich message from Davedbike@aol.com

This might be of interest to the list...

Dave DeRight
Advocacy Chair
League of Michigan Bicyclists
December 2, 1998
Surface Transportation Policy Project

National Real Estate Investment Advice For 1999: Avoid Sprawl

With increasing warnings that the US economy could be slowing amidst
continuing worldwide financial crises, a new report for real estate
investors has issued an aggressive condemnation of sprawl and
lower-density suburban development opportunities, urging investors to
instead turn to mixed use, walkable commercial and residential centers.
"Suburbs struggle because they have let developers run amok, oblivious
to traffic growth, sewer system capacity or even recreational needs,"
the report warns.  "Increasingly, better suburban centers are starting
to look like smaller versions of traditional cities, featuring
neighborhoods, easily accessible retail and office districts, and mass
transportation alternatives to 
the car."

The report - entitled "Emerging Trends for Real Estate 1999"- also
offers a striking prediction for big box retailers and larger regional
malls.  In 1993, the authors predicted that 15-20% of the regional malls
that were open for business in 1990 would be dead by 2000.  Now they
believe that number may even be higher.  The reason: overbuilding at
first, and now the unforeseen impact of electronic commerce.  "If ever
there was a classic paradigm shift, internet retailing is it," the
report says, predicting that a consistent rise in on-line sales will
significantly reduce retailer space needs and threaten the existence of
many struggling malls. 

Copies of Emerging Trends are available on-line at www.lend
Quote of the Week

"In a democratic inclusive society, one's mobility, should not depend on
one's ability to own and operate an automobile."

In a statement to the press on 11/18, attorney Robert J. Bauman on the
transportation barriers that Milwaukee citizens face when trying to
access the job-rich suburbs.


Transfer--STPP's weekly update--is edited by Nancy Jakowitsch with
additional  contributions from James Corless and other STPP staff.  If
you are not currently subscribed, please send us a note via e-mail to:
transfer@transact.org.  Be sure to include your full mailing address and
name of your organization, phone and fax numbers.  

The Surface Transportation Policy Project (STPP) is a non-profit, 
public interest coalition of over 200 groups devoted to ensuring 
that transportation policy and investments help conserve energy, 
protect environmental and aesthetic quality, strengthen the 
economy, promote social equity, and make communities more 
livable.  For more information about STPP visit our web site at 
http://www.transact.org or call 202.466.2636.


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