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Smart Tells Huntington How to Ensure Well Managed Fiscal Growth
Now, the young workers disdain motor vehicles. They are no longer a must have. The emerging workforce values a variety of transportation, including walking, public, trains, and bicycling.
Household size has gone down. Manufacturing has been replaced by a "creative" class which encompasses technology to arts. The workers seek a "place" before selecting a job. Thus, the desire for a specific lifestyle weighs heavily the decisions of those entering the workforce. One of their criteria --- they do not like work commutes. They want to live preferably within walking distance of their job.
Due to these market alterations, "We have a demand for what is not built. We have all the large lot houses we need. The demand is for in town living and multi family housing," Zimmerman explained.
The innovative, creative , knowledge economy places a demand for talent and skilled workers who choose livable cities with a full range of amenities.
As the old downtowns attract new life, the suburban sprawl --- and large enclosed malls --- are fading. Some malls have been abandoned. People are returning to the cities. Big box stores do not generate the same higher taxes per square foot as smaller businesses clustered in a downtown areas which have been reborn as "new, walkable environments," close to jobs.
They illustrated that neighborhoods in close proximity to downtowns are surging. In turn, the compact nature reduces costs for cities to provide services as they are nearby. "It returns life to what you have already built," Roberts explained.
On the same token, the cost of providing services to outlying suburbs has decreased tax use efficiency.
Several urban bonuses improve a city's attractiveness. Huntington, by coincidence , has them all
1. An already built street grid, easy to get around
2. Many legacy buildings with strong values
3. Waterfronts have increasing value
4. Higher education and medical facilities draw people
Similarly, older historic structures have considerable value. Valuing the past goes beyond a four or eight year elected term. "It's a commitment that will be reflected (on the faces) of children and grandchildren... from one generation to the next," Roberts said.