More and more young people are moving to urban centers because they prefer to live in walkable areas with lots of public transportation options. Still, developers are reluctant to build compact housing using this smart growth approach. But perhaps a new economic case against sprawl can convince these developers to think twice.
Sprawl costs America over $1 trillion a year, according to a new report by LSE Cities and the Victoria Transport Policy Institute, because it can increase per capita land consumption up to 80 percent and car use by up to 60 percent. Together these outcomes create social costs that amount to $626 billion a year for people living in sprawling areas and $400 billion for those outside of them, the report estimates.