>> >2) Building a city from scratch requires a formidable pile of
>> So does any other development project; billion-dollar projects are
>> now routine. The banks have the money; what's required is a
>> who believes in the idea and can convince a bank to fund it. This is
>> well within the realm of possibility.
> Have you done any work on how much capital it would take? more
> importantly, how would you pay that capital back? Taxes on
They could charge the residents for the convenience of living on their
development. This is called rent. Another option is selling the
housing units to the residents and having the banks lend them the
money: mortgage. :)
The problem isn't that there is no money to be made in carfree cities,
but that it's easier for developpers to build suburban sprawl. It's
easy, it's standardized, doesn't require as much capital, etc.
Bijan Soleymani <bijan@...