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I agree strongly with David.

There are several reasons IZ is desirable.

1. There are benefits to poor people in living in a diverse community, benefits they may not recognize, and we can encourage them (hopefully being an economist no longer means automatically assuming that personal preference curves must always be the basis for policy because of some assumed "rationality")

2. There are external benefits to everyone of having a diverse community

3. There is an energy/GHG cost to pushing low income people to longer commutes - the very people who are most likely to be carfree if they live in walkable/urban

4. There are political obstacles to allowing redevelopment densification that can be overcome with a "bribe" (and cashing it out might not be politically palatable) Again, hopefully being an economist no longer means having to ignore political realities.

Re Ownership - I agree with Alex B, IF we insist on combining IZ with ownership, the NY model of coops works better than condos. We may need to look more flexibly in general at how we implement IZ.

by AWalkerInTheCity on Jun 19, 2012 2:52 pm • link • report

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