redevelopment

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Financial Power of Walkable Urban Development

I recently stumbled on an example of the economic power of walkable urban development, which can be sparked by rail transit and appropriate mixed-use zoning. A small Washington Post item in the local news section, buried on page B4, announced the sale of two pieces of land by the Metro transit agency (it could just as easily have been another government agency or for that matter a private party) to real estate developers. The land is located in a formerly very troubled southeast neighborhood, adjacent to the Anacostia River.