Katie Pyzyk, SmartCitiesDive
Summary
The International Downtown Association (IDA) released a study, The Value of U.S. Downtowns and Center Cities, which examines the value of downtown areas for citizens.
The study analyzed more than 100 data points within five key principles: economy, inclusion, vibrancy, identity and resilience. It sampled data from 13 pilot cities: Baltimore; Charlotte; Grand Rapids, MI; Lancaster, CA; Miami; Norfolk, VA; Pittsburgh; Sacramento; San Antonio; San Francisco; Santa Monica, CA; Seattle and Wichita, KS.
The study found that downtowns create more opportunities for residents in the five key principles and greater returns on investment (ROI) than other areas, and are therefore worthy of greater investments from the cities themselves and the surrounding regions.
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