2022 Summer Issue - 57

INFRASTRUCTURE
focus as well, we'll lose the magnitude and the distinct
opportunity that's arising from this generational
level of investment. "
Transportation plays an important role in everyday
life as it moves people and things. This includes
connecting people to employers, needed services,
stores, and other people, as well as allowing goods
to reach their destinations. Transportation is an inherently
social activity that enables human connection.
And public transportation that is multimodal and
integrated with land use can create compact, humanfocused
urban development that generates tremendous
real estate value while reducing greenhouse gas
United States rate the quality of infrastructure in
their own metropolitan area lower than do members
who work primarily outside the United States. This
puts the U.S. real estate industry at a disadvantage
in attracting new investment and in its ability to
increase economic competitiveness, especially as
U.S. infrastructure fails-such as the collapse in January
of a 50-year-old bridge in Pittsburgh. The " 2021
Report Card for America's Infrastructure, " released by
the American Society of Civil Engineers, concluded
that " Growing wear and tear on our nation's roads
have left 43 percent of our public roadways in poor or
mediocre condition. "
SELECTED GLOBAL APPROACHES TO MOBILITY
Location
Category
Netherlands
Public transit
Approach
Integrated land use and
public transportation
improvements
Activity
Location of urban facilities closer to stations as
well as an improved user experience regarding
wait and transfer times
Paris
Policy
15- to 20-minute city
Incentivized hyper-proximity of work, shopping,
health, and culture within 15 minutes of resident
housing on foot, bike, or public transit
Hong Kong
Urban development
Station area planning (transitoriented
development)
Development of Tung Chung, a new town centered
on an extension of Hong Kong's robust
mobility networks, including bicycles, rail, and
ferries
Pittsburgh
Integrated services
Mobility hubs
Increased travel options and access to fixed
public transportation routes, enabling residents
and visitors a range of multimodal options and
increasing equitable outcomes
Source: ULI.
emissions and increasing economic access.
As identified by survey participants for the ULI
report Emerging Trends in Real Estate®
Guiding Investment
2022, transportation
and infrastructure are of " great importance "
for real estate and development issues. Transportation-and
infrastructure more broadly-provides
the regional framework for real estate development
because the overall quality of infrastructure, along
with consumer demand, is a key driver for real estate
investment.
One finding of the 2021 " ULI Global Member
Infrastructure Survey " was that ULI members in the
An opportunity exists for ULI members and key partners
to identify and promote more equitable and
resilient infrastructure investments that create longterm
value for both real estate and communities.
To help policymakers, real estate developers, and
community leaders prioritize and leverage infrastructure
investments like federal funding, the ULI Curtis
Infrastructure Initiative in 2021 released the report
Prioritizing Effective Infrastructure-Led Development,
which lays out five key focus areas that the real estate
SUMMER 2022
URBAN LAND 57
2022 Summer Issue

Table of Contents for the Digital Edition of 2022 Summer Issue
