Chapter 3 Economics 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)

Chapter 3 Economics 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

Chapter 3 Economics of Regional and Community Growth Location of People –Why do people locate where they do? –Jobs and Employment –Climate (Snow Birds)

Chapter 3 Economics 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

Chapter 3 Economics 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

Chapter 3 Economics of Regional and Community Growth Models of Urban Growth Patterns –A city may grow in several ways Vertically In-filling Extension of settled areas

Chapter 3 Economics of Regional and Community Growth Models of Urban Growth Patterns –Growth Models Concentric Circle growth (Filtering) Axial growth Sector growth Multiple-Nuclei growth

Chapter 3 Economics of Regional and Community Growth Importance of Public Facilities Infrastructure in the Growth Process –Transportation facilities –Water and Sewer facilities

Chapter 3 Economics of Regional and Community Growth Urban Form: A Synthesis –Commercial growth (Access to Residents) –Industrial Growth (Rural Locations) –Residential Growth (Public Services/Empl.)

Chapter 3 Economics 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