The economic landscape of the city Flashcards
Concerns in a modern city
Functions
Distribution
Intensity
Function
The sort of features present in a city
Distribution
Where features are located
Intensity
How intensely these features are used
Bid-Rent
The amount of money a particular parcel of land could expect to receive. (Synonymous with land value)
Not necessarily how much it is WORTH, but how much it expects to RECEIVE
Prime Value Intersection (PVI)
Point in the city with the greatest degree of access. Point where all other land values are determined.
Access Costs
the costs associated with distance for a particular function
Central Business District (CBD)
The core of the city, where transport networks converge and land uses are dominated by retail and office functions.
Bid Rent =
Land Value at PVI – Access Costs
CBD roles in a city
Central Market Place
Major Transportation Node
Administrative Center
High-level producer services/command and control centres
High land values, high intensity
Area with few or no residential functions
The problem with allowing markets to determine value of parcels of land in the city:
Sustainability and liveability of a city is based on good land use planning.
History: Land use of European/Asian cities VS. American cities
Historically, European and Asian cities were constrained by natural elements, whereas American cities had an immense amount of land to build and build (sprawl).
Average percent of land in a city that is PRIVATELY OWNED
65-68%
Average percent of land in a city that is allocated for automobiles (STREETS)
17-18%
Almost 20% of our land is taken up by infrastructure accommodating cars.
Average percent of land in a city that is PUBLICLY OWNED
13-16%