Smart Growth
Smart Growth > Principle 9: Development Decisions

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Principle 9: Development Decisions

Only private capital markets can supply the large amounts of money needed to meet the growing demand for smart growth developments. If investors, bankers, developers, builders, and others do not earn a profit, few smart growth projects will be built.

Fortunately, government can help make smart growth profitable to private investors and developers. Since the development industry is highly regulated, the value of property and the desirability of a place is largely affected by government investment in infrastructure and government regulation. Governments that make the right infrastructure and regulatory decisions will create fair, predictable and cost effective smart growth.

For smart growth to flourish, state and local governments must make an effort to make development decisions about smart growth more timely, cost-effective, and predictable for developers.

By creating a fertile environment for innovative, pedestrian-oriented, mixed-use projects, the government can provide leadership for smart growth that the private sector is sure to support.

Educate elected leaders and public officials about smart growth.

Direct development along corridors to create stronger districts.

Create pattern books to streamline construction and enhance project marketability.

Make zoning codes and other land development regulations simple to use and easy to read.

Establish a state- or regional- level "smart growth cabinet.”

Create an "incentives expert” for developers and businesses when an area has been designated for development or redevelopment.

Create investment funds for smart growth projects.


 

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