One of the main factors that businesses consider when deciding on where to relocate or expand is the available pool of collegeeducated workers. And that has cities competing for Canada Goose Outlet
collegeeducated young adults. cities map out economic growth.
There one place this desired demographic, collegeeducated professionals between the ages of 25 and 34, has a tendency to want to live: tightknit urban neighborhoods that are close to work and have plenty of entertainment and shopping options inside an easy walk. Census data. That is one of the Cheap Uggs Uk
reasons city planners happen to be plowing money and resources into revitalizing their core business districts.
"The cities that capture the mobile, collegeeducated and restless are the type who are most likely to revitalize their downtowns and accelerate economic progress in their cities," says Fisher.
Take Denver. Civic and business leaders began work on the city Lower Downtown neighborhood in 1989 using the issuance of $240 million in bonds. Today LoDo is a trendy of over 100 restored Victorian warehouses and buildings filled with art galleries, boutiques, local eateries and nightclubs. Peuterey Coats
Now Denver is in the midst of a 20year, sevenmegaproject plan to expand the revitalization efforts through the rest of the downtown district.
"We carefully evaluate what the future workforce is looking for and we incorporate those demands into what we are building," asserts Tami Door, chief executive of the Downtown Denver Partnership. Those demands span pedestrian walkways, a bike path grid, and "green" housing complexes made up of smaller units, typically rentals. Residential buildings chockfull of amenities like fitness centers aren in the cards. "This group doesn want to necessarily come into the development and lock themselves in at night; they want to be out connecting with the community so they want amenities near their houses," stresses Door.
The investments Parajumpers Uk
appear to be paying off. Denver, relative to the rest of the county, has been a faster growing city, with a population growing by about 1.3% per year, according to Moody Economy, along with a 2012 that clocked 2.4% job growth and 3.3% economic growth.
In Birmingham, Ala., the amount of residents downtown has increased 32% since 2000, with 737 planned units in the construction pipeline. A stadium for that minor league baseball team the Birmingham Barons has been built at Railroad Park, an environmentally friendly space created on Peuterey Toronto
a former industrial site next to a rail corridor. Office space absorption was positive this year, with net 126,000 sq Cheap Ugg Boots Uk
ft leased out, and downtown employment Parajumpers Uk
density in accordance with the southern city size is comparable to Philadelphia business district, Cheap Uggs Canada
local economists are quick to point out.
Yet the city is still struggling to overcome a reputation for crime. "Despite the positive, there are still people who have a negative view about downtown, particularly round the perception of crime," sighs David Fleming, leader of REV Birmingham, Woolrich Woolen Mills
a local economic development organization. "But should you look at the statistics, the chance of being a victim of crime in the central business district is actually less likely than in the suburbs."
Other cities are becoming creative with their efforts. In the last decade, Louisville, Ky., converted much of its subsidized housing downtown to marketrate real estate, and it expanded retail offerings. Now it adding a twist. This year, the mayor unveiled a publicprivate initiative to revive downtown Louisville Whiskey Row. Buildings were rescued from scheduled demolition by a trader group for promising, Belstaff Toronto
with the help of government aid, to preserve the facades from the area castiron buildings. Two years later renovations are under way, and the buildings are required to house bourbonthemed restaurants and nightlife spots, adding to Barbour Jacket Uk
the success of nearby projects like the mixeduse Whiskey Row Lofts.
"Bourbon is definitely an industry that is growing in Louisville, especially downtown," says Alan DeLisle, executive director of the Louisville Downtown Development Corporation. "Distillers are reinvesting downtown where they were once located off the river and we Moncler Canada
are building visitor centers and a streetscape plan that tells the storyline of the industry." Among the bourbon businesses coming back to the area: Mitcher Distillery, Heaven Hill and whiskey giant Jim Beam.
Still, Louisville downtown has a long way to go. A mere 4,500 people reside in Parajumpers Canada
the area, according to 2012 data from the Louisville Downtown Management District, up Barbour Jacket
19% from a decade earlier and nearly 45% from 1970. for downtown living will flourish in coming years. Louisville, for example, found that 23% of residents under the age of 31 would like to move downtown, especially as more housing stock is created.
"We are visiting a combination of the economics of infrastructure and also the change in demographics give downtown housing markets more of a leg up," says Jeff Soule, a fellow of the American Institute of Certified Planners and a director at the American Planning Association.
Larger cities with increased established business districts happen to be proving this to be the case. Seattle, for example, has welcomed a "condo craze" in its downtown over the past year, based on Dean Jones of Realogics Sotheby International Realty. He projects the first quarter of 2013 median home price will rise $500,000 up 35% from a year earlier as people flock to the area and inventory levels dwindle.