Benefits of Compact, Mixed Use Development

This report from the EPA looks at the economic benefits that accompany compact neighborhoods over sprawl. It covers benefits related to walkability and emphasizes redevelopment over new development. It notes that walkability encourages revitalization and increases property values, while diverse destination options makes an area more resilient to market and demographic changes while decreasing transportation costs. An emphasis on concentrated redevelopment results in higher revenue generation infrastructure and service cost savings and enhanced economic productivity. It backs up these claims with various academic articles that have quantified the benefits discussed.