The WalkUP Wake Up Call: Boston Open Access Deposited
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For decades, real estate practitioners, observers and scholars studying land use have looked through an urban-versus-suburban lens. It is not unlike the classic social science joke about the tipsy guest who drops his keys at the front door as he leaves a party. While searching under a streetlight at the curb, he is asked, “Why aren’t you looking where you lost the keys?” He replies, “This is where the light is.” This new research defines—in an entirely new way—the form and function of all land use in Metropolitan Boston’s 3,119 square miles. This study then ranks performance for all land in the region based on two criteria: economics and social equity. The economic performance metric measures both the real estate valuations, as a proxy for GDP (a GDP measure does not exist below the metropolitan level) and the tax assessment that drives most local government tax revenues. The social equity performance metric measures access to economic opportunity and affordability in terms of both housing and transportation costs.