Chapter 3 Economics of Regional and Community Growth

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Chapter 3Economics of Regional and Community
Growth

• Economic Factors Influencing the Growth and
  Decline of Cities (Comparative Advantage)
• Community growth factors
• Transportation facilities (Ports, Rail, Air)
• Educational facilities (The Triangle)
• Other created factors (utilities, tax rates,
  culture)
• Natural resources (Iron Steel)
• Climate (Florida, California, Las Vegas)
• Labor force (Textiles NE to SE)
• Leadership (Pro-growth)

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Chapter 3Economics of Regional and Community
Growth

• Concept of an Economic Base
• Export (basic) activities
• Agriculture, manufacturing, mining, wholesale
  trade, post secondary education
• Population serving (non-basic) activities
• Construction, public utilities, retail trade

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Chapter 3Economics of Regional and Community
Growth

• Location of People
• Why do people locate where they do?
• Jobs and Employment
• Climate (Snow Birds)

4
Chapter 3Economics of Regional and Community
Growth

• Analyzing Local Real Estate Demand
• Short-run Demand
• Current supply of real estate improvements
• Current industrial structure
• Recent changes in the local economy
• Likely economic changes in the near future

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Chapter 3Economics of Regional and Community
Growth

• Analyzing Local Real Estate Demand
• Long-run Demand
• Long-run economic prospects for the local economy
• National regional trends likely to affect the
  local economy
• Likelihood of new firms coming into the area

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Chapter 3Economics of Regional and Community
Growth

• Models of Urban Growth Patterns
• A city may grow in several ways
• Vertically
• In-filling
• Extension of settled areas

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Chapter 3Economics of Regional and Community
Growth

• Models of Urban Growth Patterns
• Growth Models
• Concentric Circle growth (Filtering)
• Axial growth
• Sector growth
• Multiple-Nuclei growth

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Chapter 3Economics of Regional and Community
Growth

• Importance of Public Facilities Infrastructure in
  the Growth Process
• Transportation facilities
• Water and Sewer facilities

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Chapter 3Economics of Regional and Community
Growth

• Urban Form A Synthesis
• Commercial growth (Access to Residents)
• Industrial Growth (Rural Locations)
• Residential Growth (Public Services/Empl.)

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Chapter 3Economics of Regional and Community
Growth

• Dynamics of Neighborhood Change
• What is a neighborhood?
• Neighborhood change
• Gestation, Youth, Maturity
• Incipient, Clear, Accelerating Decline
• Gentrification
• Neighborhood stabilization and rehabilitation