EVALUATION BASED UPON NEO-TRADITIONAL IDEAL |
Criteria |
Neo--Traditional Ideal |
Case |
Rating |
Walkable
Community |
Stores within walking
distance (1/4 mile) of all
residences. |
Estimated 50 percent of
apartments and 20 percent of
detached housing within walking
distance |
2 |
Transit Oriented
Development |
Automobile competitive transit service
providing service to
entire urban area |
No transit service |
1 |
Housing Prices |
Mix of housing prices,
including low cost
housing. |
Housing prices generally 70
percent to 300 percent higher
than median home price in the
Memphis area |
1 |
Density |
7 housing units per acre
minimum (12,000 per
square mile) |
Estimated 5.5 units per acre
(9,600 per square mile, 80
percent of the 12,000 objective) |
2 |
Impact on
Suburbanization |
Infill -- does not
contribute to
suburbanization |
Greenfield --- contributing to
suburbanization |
1 |
Balance of jobs and
residences |
Community provides a
balance of jobs and
residences, reducing the necessity to commute by automobile |
Few commercial jobs: generally low wage retail jobs that could not support the high
costs of home ownership in this development. |
1 |
Market oriented
development |
No subsidies or tax
breaks |
Unknown: property obtained at
very low cost as a result of a
banking failure (US banking
crisis). |
--- |
Composite Rating |
1.33 |
Nothing in this review is meant to suggest that any neo-traditional development is not a desirable community.
Most are well designed and attractive. To the extent that any such development fails to achieve
neo-traditional (new urbanist) objectives is more than likely a reflection that the objectives themselves are
impractical and largely unachievable in an environment that depends upon consumer choice in a free market.