Many smart business leaders and investment managers are taking advantage of the economic slow down to stop, think, and put into place the foundations for the next 5 to 10 year business cycle — and even thinking much further ahead than that.
Unfortunately, it seems that many city governments, and those at other levels that impact cities are taking the opposite approach. Some are even backtracking on progressive, forward-looking plans initiated before the recession hit.
Take San Francisco’s proposed congestion pricing strategy. The mayor and other urban leaders previously saw reducing congestion as vital to the long term livability of the region and especially the metro core. Now they are seeing the economic downturn as a reason to backtrack. From the New York Times (pointer Frances Bula):
During his second inaugural address a year ago, San Francisco’s mayor, Gavin Newsom, called congestion pricing “the single greatest step we can take to protect our environment and improve our quality of life.”
Last week, however, the mayor’s office offered a more tepid endorsement.
“The devil is in the details,” said a spokesman, Nathan Ballard. While Mr. Newsom supports congestion management, Mr. Ballard said, “Given the challenging economic times, we would hate to impose too heavy a burden on commuters.”
Commuters are paying less than half price for gas! The congestion charge would likely still have the vast majority paying less to commute than they did 6 months ago.
City governments, urban business leaders, and all of us voters and citizens need to be thinking about what we want our cities to be like when the economy is next running at full tilt, and over the next 10-20 years. If we want less congestion, more amenities, more walkability, etc. — and more desirebility as a place to live for talented people (which will attract tax-paying corporate employers) then now is the time to push forward on projects that enhance this.
This is not the time to prop up an older way of doing things for whatever short term gain may be had.
I am concerned that aspects of the stimulus plans that Obama’s administration is formulating will end up being a waste of money and actually set America’s cities back. More freeway capacity will tend to prop up suburbia, rather than support the revitalization of downtowns and inner urban neighbourhoods.
Once the economy rebounds, many features seen in 2007 and early 2008 will return: high oil prices; citizen concern for the environment; popular interest in living closer to places of work, entertainment and recreation.
These social and economic features that characterized the end of the last cycle should be kept in mind by everyone from urban residents to urban planners and politicians.
