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- Title
New Town Development and the Theory of Location.
- Authors
Ricks, Bruce
- Abstract
Most of the theoretical literature on urban growth presumes either that land is a featureless plain and growth will proceed in a ring-like fashion from the core or that growth will occur as a continuous and continuous expansion along vectors of least resistance. Models which measure new housing construction are basically demand functions related to population growth. These theories and models are considerably better suited to the type of incremental sprawl development characteristic of the late 1940's where builders met demand at the urban fringe. Such models are not suitable for a new pattern of housing development emerging near numerous large urban centers the development of whole new communities - sometimes referred to as new towns. This article analyzes the site selection process conducted by the new town developer purely from the standpoint of its economic soundness rather than in terms of any social or public good motivating the developer. The emphasis is on the relationship between the site location and values for other critical economic factors which, in combination, will determine the financial success of a new town to the developer-investor.
- Subjects
MARYLAND; COLUMBIA (Md.); UNITED States; URBAN planning; HOUSING; LAND use; CONSTRUCTION industry; URBAN growth; THEORY; POPULATION; DEMAND function
- Publication
Land Economics, 1970, Vol 46, Issue 1, p5
- ISSN
0023-7639
- Publication type
Article
- DOI
10.2307/3145418