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Mansfield Ct: Planning A New Village Center, Maggie Jones, Richard Barringer
Mansfield Ct: Planning A New Village Center, Maggie Jones, Richard Barringer
Planning
The case follows the development of a plan for a new village center in Storrs, the central village of Mansfield, Connecticut. A process that was transparent and inclusive of the community members yielded a plan that gained the approval of the Town, the landowner (the University of Connecticut), and the citizenry. The process relied on the mending of fences, the leadership of key participants, and an innovative strategy that included development of a nonprofit corporation and creative use of grant money. While zoning changes are still in the works, the first stage of building goes forward.
Augusta Me: The New Bridge Begets A New Planned Neighborhood, Molly Pulsifer, Richard Barringer
Augusta Me: The New Bridge Begets A New Planned Neighborhood, Molly Pulsifer, Richard Barringer
Planning
Construction of a new Third Bridge over the Kennebec River in Augusta offered the prospect of a new and handsome gateway to the city. Further, the resulting change in traffic patterns offered the City the chance to plan for a pattern of development quite different from what the city had experienced for the past half-century. The case study describes the planning and construction of the new bridge and corridors that re-routed traffic out of Augusta’s downtown and older neighborhoods, and created the opportunity for planned development adjacent to the corridor created by the new bridge. It goes on to describe …
Amherst Ma: A New Village Plan For Atkins Corner, Maggie Jones, Richard Barringer
Amherst Ma: A New Village Plan For Atkins Corner, Maggie Jones, Richard Barringer
Planning
The case study describes a successful smart growth initiative in the town of Amherst, Massachusetts, at an intersection known as Atkins Corner. The initiative grew from two motivating factors: the necessity of realigning Route 116, a major north-to-south artery through the town, to decrease traffic accidents at the intersection and improve pedestrian safety; and a desire on the part of Hampshire College and the Town to create a village center at the intersection. Through a consensus-building process involving key town officials, Hampshire College, neighbors, and the design firm of Dodson Associates, agreement on the project was reached with local stakeholders …
The Economics Of Conservation Subdivisions: Price Premiums, Improvement Costs, And Absorption Rates, Rayman Mohamed
The Economics Of Conservation Subdivisions: Price Premiums, Improvement Costs, And Absorption Rates, Rayman Mohamed
Rayman Mohamed
The environmental benefits of less land consumption and a growing interest in addressing the negative economic and social impacts of sprawl have resulted in calls for more sensitive subdivision designs. One such design is conservation subdivisions. However, not much is known about these subdivisions, in particular about their economics. This article addresses the issue by examining price premiums, investment costs, and absorption rates for lots in conservation versus those in conventional subdivisions. The results show that lots in conservation subdivisions carry a premium, are less expensive to build, and sell more quickly than lots in conventional subdivisions. The results suggest …
The Psychology Of Residential Developers: Lessons From Behavioral Economics And Additional Explanations For Satisficing, Rayman Mohamed
The Psychology Of Residential Developers: Lessons From Behavioral Economics And Additional Explanations For Satisficing, Rayman Mohamed
Rayman Mohamed
Researchers have repeatedly observed satisficing by residential developers. The phenomenon has been attributed to their bounded rationality. In response, policy makers have designed policies that reduce risks to assist developers in overcoming bounds on their rationality. However, after decades of such policies, there is little evidence that developers have stopped satisficing. This article argues that bounded rationality is an insufficient explanation for satisficing by small developers. Lessons from behavioral economics suggest additional reasons for satisficing by developers. Satisficing is common because developers bracket projects one at a time, bracket each investment decision in isolation of others, create nonfungible investment accounts, …