the return on place: how to boost long island's state of place
DESCRIPTION
By now, it's well known that walkability is no longer a luxury, but a key to economic development. The question now is, how do we get walkable and what's the potential ROI? This presentation shows how Long Island can once again become a destination by using State of Place to identify optimal interventions and investments that will not only boost walkability but its ROI.TRANSCRIPT
Long Island’sWhat’s Your
Mariela Alfonzo, Ph.D.Founder, State of PlaceAssistant Research Professor, NYUEconomic Development & Infrastructure SummitLong Island, NY
State of
Place™
Rockport (shoe company) advertisement
5 INVESTMENTM A R K E T S
58%IN
TOP VC OF CAPITAL W E N T T OCENTER C ITY
OR WALKABLE SUBURBS
60%
OF AMERICANSSURVEYED WANT
MIXED USEWALKABLE
NEIGHBORHOODS
"I love the idea of an urban corporate campus with all the energy and variety that provides" Twitter co-founder, Jack Dorsey
+ $37 sq. ft. Office Rents
+ $30 sq. ft. Retail Rents
+340% Retail Revenues
+ $1281/Unit Residential Rent
+$347 sq. ft. For-sale Residential
State of Place™ Index: 90, Very Good
State of Place™ Index: 5, Very Low
Washington, DC
+$744 mill in residential property tax
base/neighborhood
+$96 mill in retail taxes generated/neighborhood
Long Island, NY
Existing:
$47.6B Retail Sales
$168/sq. ft. Avg. Retail Sales
Potential:
+4% retail sales premium/State of Place Point
+$12.9B Increase in Retail Sales Tax Revenues
+2.2X Average Retail Sales/sq. ft.
Long Island, NY
Existing: 1,035,988 Housing Units2700 sq. ft. Average Home Size
Potential:
+4.77 premium/State of Place Point
+$1T Increase in Residential Property Tax Base
47141AVERAGE WALKSCORE OF
US CITIESWITH POPULATIONS OVER
200K
Long Island, NY ,Walk Score® =51
OK, BUT HOW DO YOU FIX IT?
What’s Your
State of Place™
280+URBAN DESIGN
FEATURES
TOUCH, SEE & FEEL
WALKABILITY
FROM
ARCADES
TO
ZEBRA STRIPES
TRAINING VIDEO
+ VIRTUAL
FIELD TRAINING
TRAINED COMMUNITY MEMBERS OR
STAFF COLLECT DATA
MINUTES/B LO C K
10-15
STATE OF PLACE APP
SEAMLESSLY TRANSFERS
DATA TO SERVERS
State of Place™ Index
0 - 20
21 - 40
41 - 60
61 - 80
81 - 100
QUANTIFIES WALKABILITY & PLACE QUALITY
Very Low
Low
Moderate
Good
Very Good
0
100
State of Place™ Index: 10 DimensionsDensity Measure of compactness based on building
concentrations and height
Connectivity Ease of access within and across blocks
Form Streetscape quality; how buildings meet the street
Proximity to destinations Quantity and quality of proximal non-residential land uses; mixed use
Parks and Public Spaces Presence, quality, and accessibility of parks & public spaces
Recreational Facilities Gym/fitness facilities, Outdoor recreational uses
Pedestrian & Bicyclist AmenitiesFeatures that facilitate pedestrian & bicyclist comfort; e.g. sidewalk widths, street furniture, bike racks
Traffic SafetyFeatures that make walking and bicycling safer from motorist traffic; e.g., speed limits, traffic calming features
Aesthetics Attractiveness and maintenance
Personal Safety Features that impact perceptions of safety; e.g. graffiti, litter, windows with bars, broken windows
State of Place™ Profile
Maximum Score Possible
Ex: Traffic Safety = 42/100
Very Low
State of Place™ Index: Tied to Economic Value
0 - 20 Low
Moderate
Good
Very Good21 -
40
41 - 60
61 - 80
81 - 100
*PREMIUMS FOR EACH
LEVEL INCREASE
+ $9 SF OFFICE RENTS
+ $7 SF RETAIL RENTS
+80% RETAIL REVENUES
+ $300 UNIT RES. RENT
+$81 SF FOR-SALE RES. VALUE
Needs Goals Capacity
BUDGET
ROI
WALKABILITY
FEASIBILITY
State of Place™ Decision-making Framework =
Optimized Strategies
STAKEHOLDER
CAPABILITIES
PEOPLE
Desire
URBAN FABRIC
DESTINATIONS
COMFORT
LIVELINESS & UPKEEP
Feasibility: Intervention Types
State of Place™ Analytics
State of Place™ Analytics
Long Island’s
Let’s Boost
www.stateofplace.org
An company
State of
Place™