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Amenity Rich Cities

There’s more evidence that parks help make cities economically prosperous though attracting residents in a new study highlighted by the Boston Globe:

In a paper published this month by the Federal Reserve Bank of Philadelphia, economists Gerald A. Carlino and Albert Saiz looked at 150 metropolitan areas around the United States and found hat those rich in what they called “consumption amenities” – the things that make a city delightful, such as parks, historic sites, museums, and beaches – “disproportionally attracted highly educated individuals and experienced faster housing price appreciation.”

In other words, urban growth and prosperity have less to do with transportation links and industrial infrastructure than the patterns that govern behavior at a social mixer: Beautiful and charming cities draw a crowd, while the featureless and unattractive wilt like wallflowers.

The full study can be found here.

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