REALTORS: WALKABLE COMMUNITIES 4X MORE TAX REVENUE, 41% HIGHER GDP

-> Realtors® from across the country gathered today to learn about the importance and benefits of walkable urban communities in real estate development during a panel organized by the REALTOR® University Richard J. Rosenthal Center for Real Estate Studies. Residential walkable communities generate four times the tax revenue compared to regional and business malls, bringing more value to the area, according to panelists. Walkable urban regions in the U.S. have a 41 percent higher Gross Domestic Product over non-walkable regions, said Christopher Leinberger, professor at George Washington University School of Business and president of Locus, a national coalition of real estate developers and investors who advocate for sustainable, walkable urban development in metropolitan areas. [http://bit.ly/1Gluu5W ]

from CenterLines, the e-newsletter of the National Center for Bicycling & Walking.