EXPLORE THE RESEARCH BY KEY CONCEPTS

This article addresses the tradeoff between the values households’ place on shared open space and parcel size, and the implications for housing development policy. Marginal implicit prices of shared open space and single-family housing parcel size are estimated using geographically weighted regression corrected for spatial autocorrela- tion. The marginal rate of substitution (MRS) of shared open space for lot size is calculated for individual households. Defining target areas based on site-specific MRSs could provide policy makers with more accurate information for designing or updating location-specific land use policies in efforts to moderate urban sprawl.

There has been considerable debate over "New Urbanism" as a design strategy for adapting physical space to human needs. Among the interesting questions is whether people are willing to pay a premium to be able to live in areas characterized by New Urbanism design principles. If so, this willingness should be reflected in housing values. We test the hypothesis that urban design, specifically the design attributes associated with New Urbanism, are reflected in housing prices, using a data set for Haifa, Israel. House sales from 1988 through 1996 are analyzed for three neighborhoods in which there are similar socioeconomic compositions, public services, schools, property taxes, and other amenities. One of the neighborhoods has many characteristics of New Urbanism design, while the other two are more traditional urban or suburban developments. Hedonic regression analysis is used to control structure-specific characteristics, and an analysis of the regression values across neighborhoods shows a statistically significant price premium in the New Urbanism neighborhood. The evidence suggests that persons are willing to pay for living in a New Urbanism neighborhood, other things held equal.

Recent studies of public space in US central cities tend to focus either on (1) market-driven placemaking (privatized parks, hipster shops) in gentrifying enclaves or (2) street cultures (community gardens, hip-hop) in low-income neighborhoods. Neither focus adequately frames the ability of African Americans to shape public space as the white middle class returns to central cities. In this case study of downtown Detroit, I theorize a dialectic: the history of clashes between racial capitalism and social movements in public space reappears in the contradictory design of market-driven placemaking, which suppresses and displays cultures of resistance. White business and real-estate interests showcase downtown spaces to counter news of disinvestment and suffering in low-income neighborhoods. The legal and political legacies of civil rights and black power struggles–– combined with consumer demand (black culture sells)––force them to involve black entrepreneurs, professionals and artists in placemaking. This placemaking subordinates the black urban poor, even as it incorporates their street cultures. The contradictions of placemaking shape possibilities for resistance, as shown in mundane subversions and street protests that use the downtown spotlight to call for social justice citywide. This analysis contributes to research on public space at a time when new movements are challenging public order in the financial core of US cities.

Urban regeneration programmes in the UK over the past 20 years have increasingly focused on attracting investors, middle-class shoppers and visitors by transforming places and creating new consumption spaces. Ensuring that places are safe and are seen to be safe has taken on greater salience as these flows of income are easily disrupted by changing perceptions of fear and the threat of crime. At the same time, new technologies and policing strategies and tactics have been adopted in a number of regeneration areas which seek to establish control over these new urban spaces. Policing space is increasingly about controlling human actions through design, surveillance technologies and codes of conduct and enforcement. Regeneration agencies and the police now work in partnerships to develop their strategies. At its most extreme, this can lead to the creation of zero-tolerance, or what Smith terms ‘revanchist’, measures aimed at particular social groups in an effort to sanitise space in the interests of capital accumulation. This paper, drawing on an examination of regeneration practices and processes in one of the UK’s fastest growing urban areas, Reading in Berkshire, assesses policing strategies and tactics in the wake of a major regeneration programme. It documents and discusses the discourses of regeneration that have developed in the town and the ways in which new urban spaces have been secured. It argues that, whilst security concerns have become embedded in institutional discourses and practices, the implementation of security measures has been mediated, in part, by the local socio-political relations in and through which they have been developed.

This is a study of Istanbul's periodic bazaars and an attempt to place them in the context of contestation over urban space, urban poverty and informality. The periodic bazaars in the city are either disappearing or being moved to the outskirts. These trends reflect and reproduce spatial unevenness in the city, manifesting new forms of social exclusion and polarization. The city's increasingly commodified urban space has become an arena of social and economic contestation. We address these questions by focusing on the story of the relocation of one of Istanbul's most popular periodic bazaars, the Tuesday bazaar in Kadıköy. Our analysis reveals that the relocation and reorganization of bazaars in Istanbul in the 2000s have largely been driven by rising real‐estate prices in the city: land has simply become too precious a commodity to be left to the bazaaris. Furthermore, in the context of a pervasive neoliberal discourse on urban renewal and modernization that promotes the notion of a hygienic city, the bazaaris, it seems, have become the new undesirables of the urban landscape, leaving them under double siege from the commodification of public land and from spatially defined social exclusion.

Analysis of property sales in the vicinity of 1,294-acre Pennypack Park in Philadelphia indicates a statistically significant rise in land value with closeness to park, when allowance is made for effect of type of house, year of sale, and special characteristics such as location on corner of block. Location rent due to the park ranges from approximately $11,500 per acre 40 feet from the park to $1,000 at 2,500 feet. It accounts for 33 percent of land value at 40 feet, 9 percent at 1,000 feet, and 4.2 percent at 2,500 feet. Each acre of parkland may be said to generate a value of $2,600 in location rent.

As urbanization progresses, open space becomes structured as units of progressively smaller sizes and with more pronounced physical and functional boundaries. This paper analyzes these Open Space Units (OSUs) in Flanders, and seeks how size of open space units, hence also spatial fragmentation, affects the evaluation of these units. The results clearly confirm a ‘fragmentation bias’, meaning a lower valuation of smaller units, which leads to a strategic gap and land use uncertainty concerning large stretches of area with high degree of fragmentation. This valuation is confronted with the contrasting and positive values expressed in a strategic open space project by local stakeholders about a typical peri-urban remnant open space unit. Overcoming the ‘fragmentation bias’ in open space valuation is a continuing challenge in planning and open space policies, especially in highly urbanized environments.

Since the early 1900's when internal open spaces became common features of English new towns and American subdivisions patterned after Radburn, planners have assumed that internal parks are desirable features in subdivision planning. However, developers in the United States have in general failed to include open spaces within new subdivisions, thus raising questions about their real economic benefits. This paper examines those benefits within the context of a Radburn-style subdivision in Dallas. Using survey and sales data, the results indicate that homeowners value the open space - both those who live directly on the internal greenbelts and those who do not. However, where the open space causes a reduction in private backyard space, homeowners do not appear to value public open space as highly as private space.

This article examines the effects of walkability on property values and investment returns. Walkability is the degree to which an area within walking distance of a property encourages walking for recreational or functional purposes. We use data from the National Council of Real Estate Investment Fiduciaries and Walk Score to examine the effects of walkability on the market value and investment returns of more than 4,200 office, apartment, retail and industrial properties from 2001 to 2008 in the United States. We found that, all else being equal, the benefits of greater walkability were capitalized into higher office, retail and apartment values. We found no effect on industrial properties. On a 100-point scale, a 10-point increase in walkability increased values by 1–9%, depending on property type. We also found that walkability was associated with lower cap rates and higher incomes, suggesting it has been favored in both the capital asset and building space markets. Walkability had no significant effect on historical total investment returns. All walkable property types have the potential to generate returns as good as or better than less walkable properties, as long as they are priced correctly. Developers should be willing to develop more walkable properties as long as any additional cost for more walkable locations and related development expenses do not exhaust the walkability premium.

Sense-of-place writings have proliferated in recent years, yet research suffers from a relative lack of construct clarity and hypothesis testing. This research presents a model of sense of place based in conventional social psychology: cognitions, attitudes, identities, and behavioral intentions located in and fundamen- tally about place. A survey of property owners in Vilas County, Wisconsin, revealed the importance of symbolic meanings as underpinning both place satisfaction, con- ceptualized as an attitude toward a setting, and attachment, conceptualized as per- sonal identification with a setting. In turn, attachment, satisfaction, and meanings all have independent effects on willingness to engage in behaviors that maintain or enhance valued attributes of the setting.

Business Improvement Districts (BIDs) provide supplemental services to urban commercial corridors using funds from member assessments. They have become a very popular urban revitalization tool, but their formation is still largely unexplained. Theory implies that BIDs will form if they add to aggregate welfare and if the marginal net benefit of membership is positive. I test this for the neighborhood overall and at the BID boundary. Using unique, micro-level and longitudinal data from New York City, I employ survival analysis methods to estimate the likelihood of a neighborhood forming a BID. I then estimate the likelihood of the marginal property’s BID membership by comparing the characteristics of properties located immediately inside and outside of the BID boundaries. I find that BIDs are more likely to form when there is more commercial space over which the BID benefits can be capitalized and when there is homogeneity in service and spending preferences across properties. BIDs also tend to form in neighbor- hoods that possess signs of appreciation and growth. Generally, BIDs are more likely to form in neighbor- hoods with higher valued properties with the exception of very wealthy areas. The BID boundary, however, is comprised of relatively less valuable properties.