The individual economic benefits of living in such a community is mind-blowing!
Simply by being in a walkable community the citizen, at the time of their choosing can liberate up to $16,000 (2007 Department of Labor statistic) of their cash flow directly for their use.
What would $16,000 a year do for your 401K with employer matching funds?
What would $16,000 a eyar do in regards to funding your 8 year olds education?
What would $16,000 a year do to prepay the mortgage?
What would a $16,000 a year 'safety net' mean to a risk adverse buyer?
For some, when the bill for Obamacare comes due, if their employer does not give them a raise, they willl need to find the money...second job or liberate the cash?
As this gets traction and 'zip cars' fill the voids....a new way of living...a healthier way of living...a stronger community way of living will be the outcome.
A full service grocery is ESSENTIAL!
However, to make this work, density requirments must allow for sufficient residences within one mile (radius) of the commerse area. It is a shame those who want everything to remain as they found it in 1963 are significant impediments to density requirement changes. But, we must take the victories where we can get them....and downtown in any city is a great place to start!
Will this appeal to everybody? No.
But nothing does.
Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
Joel Lobb (NMLS#57916)
Senior Loan Officer
Key Financial Mortgage Co. (NMLS #1800)*
107 South Hurstbourne Parkway*
Louisville, KY 40222*
So in my opinion, yes, a grocery store downtown Louisville could make a very positive difference, if it's the right store.
To see Mariano's Site, visit: http://www.marianos.com/default.aspx
Realty Professionals Group
The City made a very big mistake when they closed the only street in downtown that had significant traffic. Look at Chicagoâ€¦ donâ€™t cross against the light there!
I suggested 25 years ago they offer subsidized housing for single nurses just out of school, built something like the twin towers in Bowling Green. If you make their rent cheap enough or free it would be the quickest way to get a shift in young people moving downtown. The boys will follow their lead.
NMLS # 6395
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.