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More than twenty-five years ago, William Whyte's research tracked the stock performance of thirty-eight New York City companies that chose to relocate to the suburbs, and found that they appreciated at less than half the rate of thirty-five similar companies that had stayed put (Whyte, City: Rediscovering the Center, 294-95).
While the McKinsey or NRDC study does not calculate the costs/benefits of urbanism because the study precludes any behavior changes, it is clear that urbanism's reduction in auto dependence saves in gas and carbon while it reduces costs.
Urbanism in the Age of Climate Change
Peter Calthorpe
Even if Congress did approve statehood, Fauntroy believed, it surely would cancel the congressional payment, then roughly 20 percent of the city’s budget—a scenario he likened to giving D.C. residents a “reservation . . . after they kill off all of the buffalo.”
Chocolate City
Chris Myers Asch, George Derek Musgrove
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