A step by step approach for quantifying walkability, diagnosing communities' walkability strengths and weakness, and prioritizing walkability interventions, investments and policies that will maximize the triple bottom line in the face of fiscal constraints. State of Place™ is a streamlined decision-making tool that offers a cost-efficient, effective, transparent, and accountable approach to boost walkability, sustainability, and profitability.
Walk21: Walking and Liveable Communities. Moneyballing Walkability. State of Place
More Related Content
Similar to What's your State of Place™ ? A decision-making tool for walkability interventions, investments, and policy that maximize the triple bottom line
Similar to What's your State of Place™ ? A decision-making tool for walkability interventions, investments, and policy that maximize the triple bottom line (20)
What's your State of Place™ ? A decision-making tool for walkability interventions, investments, and policy that maximize the triple bottom line
1. What’s your State of Place™ ?
A streamlined decision-‐‑making tool that makes it easier and more
cost efficient for cities to enhance walkability and maximize the triple
bo;om line in a transparent and accountable way
Mariela Alfonzo, Ph.D.
Founder, State of Place
President, Urban Imprint
Research Fellow/Adjunct Professor, NYU-Poly
www.urbanimprint.com/state-of-place
2. In the stiff competitive “place market”
walkability is no longer an
“intangible luxury”
3. But…there is a shortage of walkability
Public policy hurdles +
Legal issues +
NIMBYism +
Lack of benchmarks and metrics
= More difficult to finance/underwrite/create/deliver
Lack effective, cost efficient methods that demystify the
process of identifying, differentiating, and creating the quality
places people want
4. Enter, State of Place™ ?
¤ Art à Science: Quantifying walkability
¤ Comprehensive, Objective, Reliable
¤ Captures “Micro-‐‑scale” & “Sensory” features
¤ Diagnostic, Empirically-‐‑Based
¤ Ties Place Quality, Economic Impact
¤ Facilitates Evidence-‐‑based decision making, Accountability
¤ Provides empirically-‐‑based ROI predictions, Customizable
5. First step: Quantifying Walkability
Collect street-level built environment data on 250+ micro-scale
features
• Sidewalk presence, street trees, street benches, parks, street
facades, land uses, etc.
Using Irvine Minnesota Inventory
• Reliable, used widely in research
6. Raters receive walkability training
Raters receive full day training; tested for accuracy/reliability
Data can be collected for sample of blocks in a neighborhood or
on a select number of blocks
• 10-12 min/block
Neighborhood defined based on existing boundaries
8. Next Step: Create
State of Place™ Diagnosis
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Density
Form
Proximity
Connectivity
Parks & Public Space
Pedestrian Amenities
Safety from Crime
Traffic Safety
Aesthetics
Physical Activity Facilities
9. Index & Diagnosis based on
State of Place™ Algorithm
Dimensions Description/Example Items
Density Measure of enclosure based on building
concentrations and height
Proximity Presence of non-residential land uses
Connectivity Measure of disconnectivty; Potential Barriers
(e.g., six-lane roads)
Form Measure of streetscape discontinuity (e.g. drive-
thrus)
Parks and Public Space Parks, Playgrounds, Plazas, Playing Fields
Pedestrian Infrastructure/ Curbcuts, Sidewalks, Street Furniture, Bike Racks
Amenities
Personal Safety Graffiti, Litter, Windows with Bars
Traffic Measures Traffic Signals, Speed Limit, Traffic Calming
Aesthetics (Pleasurability & Attractiveness, Open Views, Outdoor Dining,
Maintenance) Maintenance
Physical Activity Facilities Gym/Fitness Facilities, Other Recreational Uses
10. Uniquely, the State of Place™
diagnosis allows users to identify
neighborhood assets
& areas in need of improvement
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Density
Form
Proximity
Connectivity
Parks & Public Space
Pedestrian Amenities
Safety from Crime
Traffic Safety
Aesthetics
Physical Activity Facilities
11. Density
Dimensions - Assets
State of Place™
Pedestrian
Amenities
Form
Traffic Safety
12. State of Place™
Dimensions –
Need improvement
Connectivity
Aesthetics
Safety
13. But another key value proposition =
State of Place™ is tied to economic
performance
Correlated Economic Performance
+ $9 sf office rents
+ $7 sf retail rents
+80% retail revenues
+ $300/unit res. rent
+81 sf for-sale res. value
From Brookings Institution
report, “Walk this Way”
15. Evaluate neighborhoods based on
State of Place™ Index
Like a credit or bond rating for neighborhoods; Helps
guide investment & underwriting; Aids branding; Siting
*Risk averse investors; Steady ROI
*Regional retailer siting
*Risk tolerant investors; Higher ROI
*Aggressive developer enters market
*Target for social
equity advocates
16. State of Place™ = Economic Indicator
Can quantify the value of place….
The State of Place™ index is linked to
premiums of up to:
+74% residential rents/unit
+$1200/unit residential rent
+108% office rents
+84% retail rents
+23% premium valuation before
recession;
+44% premium post
For DC, this translates into up to:
+$744 mill in residential property taxes/
neighborhood
+$96 mill in retail taxes generated/
neighborhood
17. And because State of Place™
dimensions are each
tied to distinct ROI
!"#"$%&'(%)*'
!"# $!"# %!"# &!"# '!"# (!"# )!"# *!"# +!"# ,!"# $!!"#
-./0#
1234#
Very Good ROI 5246#
7214#
6/5-#
Good ROI 7/.8#
75/94#
:.33#
45-2#
Fair ROI
75-#
18. !"#"$%&'(%)*'
!"# $!"# %!"# &!"# '!"# (!"# )!"# *!"# +!"# ,!"# $!!"#
-./0#
Very
Good 1234#
ROI 5246#
7214#
6/5-#
Good
7/.8#
ROI
75/94#
:.33#
Fair 45-2#
ROI 75-#
Next Step: Assess current performance
against estimated ROI
Assess current performance
Predict ROI
Balance Costs, Benefits
22. Metropolitan Washington Council of
Governments, DC Metro Region
!"#$%$#& '()#(* +#*,#(-$" .)%(/#0()# 12,)
!"# $#%&'( )'*+,*- ./01#/#(2,2&'( !''1
!"#$%&' !("')%"* ¤ Diagnosing 95
neighborhoods in the
+'%%",)- .#//,''%% !"#$%&' ()&*#++ ,%%')-.
!"#$%&' 0%(/
region
/%5'%60%"7
/ ' 0 12 3412
¤ Creating place profiles
– based on assets and
areas in need of
improvement
¤ Informing Strategic
Investment Plan for
region
23. Conservation Law Foundation
Ventures, Boston, MA
¤ CLFV à Creating Healthy Neighborhood Equity Fund
¤ Piloting State of Place™ as project & neighborhood
screening tool
¤ Creating estimated State of Place™ scores based on
proposed projects
¤ Calculating potential upside
24. State of Place™ current & future “imprint”…
¤ Applicable across urban, suburban, & rural communities
¤ IMI data has been collected in California, Minneapolis, Houston, Iowa, North
Carolina RT, Denver, Salt Lake City, Kansas, Arkansas, Michigan, Illinois…
¤ Rolling out State of Place in other metros
¤ San Francisco/Bay area – Spring 2013
¤ Houston, Phoenix, Seattle, Los Angeles
¤ Incorporating a broader set of economic indicators
¤ Job creation, retention, firm recruitment
¤ Health Metrics
¤ App – available soon!
¤ Partnering with universities
¤ Working with underprivileged community
¤ Brownsville + NYU-Poly
¤ China – in progress!
In light of the competitive “place” marketplace, “walkability” is no longer an “intangible luxury.” Walkability contributes to quality of place – and it is increasingly in demand. Many Americans are choosing which place to “consume” based on the physical features of the neighborhood that allow them to walk and not have to rely on an automobile. Many planners, developers, investors, and city officials have begun to realize that addressing the demand for walkability is a critical factor in ensuring the economic growth and prosperity of places.
Cities want for a tool that facilitates cost-efficient, transparent, and accountable decision-making regarding how best to deliver sustainable, walkable places.
In the past, designing the built environment was generally considered to be more of an “art” than a “science.” But State of Place™™ has now not only quantified walkability – a critical component of what customers are increasingly demanding of places — but also its economic impact. Providing both a rating and a diagnosis, State of Place™™ is an empirically-based tool that makes it easier and more cost effective to identify quality places and make them better – from a triple bottom line (people, planet, and profit) perspective.
So state of place puts these researchprinciples into practiceAs a rating system:Guide investment decisionsUnderwrite debt/equityBusinesses/Developers choose locationsAdvocates/social equity agencies (like HUD) identify places that need investment/helpFor example, a lender may choose to fund a new development in a AAA neighborhood over an A because it’s less risky; OR on the flip side, an investor may choose to develop in a level A over a level AAA because he or she sees more potential for up-side.
Found 5 levels of walkability – attached to econ perf
So state of place puts these researchprinciples into practiceAs a rating system:Guide investment decisionsUnderwrite debt/equityBusinesses/Developers choose locationsAdvocates/social equity agencies (like HUD) identify places that need investment/helpFor example, a lender may choose to fund a new development in a AAA neighborhood over an A because it’s less risky; OR on the flip side, an investor may choose to develop in a level A over a level AAA because he or she sees more potential for up-side.
Translates into econ dev $$
Will update this to reflect our conversation yesterday
Will update this to reflect our conversation yesterday
Will update this to reflect our conversation yesterday