Quote:
Originally Posted by Libertarian
There is less and less need for high-overhead storefront retail. Forcing developers to incorporate it into their plans is not an incentive to develop.
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let me put it in economic terms. when a building locates in a location that fronts a street, especially in an urban area where people live, work, and play on a daily basis, the street frontage of the building creates an externality, meaning it affects people who have nothing to do with the project in particular. externalities are a form of "market failure", similar to monopolies and information asymmetry, that require either bargaining on the part of the third party or direct intervention by a community association or government.
if the building was out in a field somewhere, of course, it would be absurd to mandate certain uses for the street level because no one would be affected by the project. however, everyone who lives in that neighbourhood is affected by what fronts the street, in addition to business owners nearby.
if a bunch of developers construct buildings along peachtree with no retail, it will affect nearby businesses negatively, contribute to a "dead-zone" for pedestrians, affecting safety, and will reduce the desirability of the neighbourhood, affecting the number of tourists the neighbourhood gets.
you see, when a building in an urban area is designed poorly, it affects more than just the property owner and its residents. it creates an externality which negatively affects residents, business owners, and tourists. it's the same reason you can't locate a building that pours smoke out constantly in midtown. when development is dense and walkable, individual developments affect a lot more people than they would in a suburban setting. this requires the neighbourhood to set certain rules and guidelines to decrease the probability of negative externalities.