WALKABLE COMMUNITIES 4X MORE TAX REVENUE, 41% HIGHER GDP

realtor-logoDuring a panel presentation organized by the REALTOR® University Richard J. Rosenthal Center for Real Estate Studies, realtors learned that residential walkable communities generate four times the tax revenue compared to regional and business malls, bringing more value to the area, according to panelists. “Walkable urban regions in the U.S. have a 41 percent higher Gross Domestic Product over non-walkable regions,” said Christopher Leinberger, professor at George Washington University School of Business and president of Locus, a national coalition of real estate developers and investors who advocate for sustainable, walkable urban development in metropolitan areas. Click here to learn more.