ERR BNB - The Influence of a New Economy on Everything from Zoning to Market Analysis

Sunday, May 7, 2017 | 4 p.m. - 5:15 p.m.
CM | 1.25
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You'll learn about:

  • How to identify the new economy's short- and long-term impacts on planning

  • How to define what municipalities can do to regulate these businesses

  • Identify when a municipality should consider regulations—and what municipalities should look for in determining regulations

Cities have traditionally been slow to respond to change. In the past, this meant roads that were not designed to accommodate increased traffic volumes, stormwater infrastructure overwhelmed by new development, or a lack of technology infrastructure. This now includes an evolving economy in the form of businesses such as short-term rental services Airbnb and VRBO and transportation services like Uber. This transformation has prompted the need for new regulations to govern a growing industry while mitigating the impacts on surrounding properties.

Beyond regulations, this is changing planning. We are already seeing shifts in consumer behavior in terms of retail spending. This doesn’t mean the elimination of bricks-and-mortar stores, but rather a change in market dynamics. Learn why the traditional approach of assessing development potential no longer applies and explore why market demand does not translate to development potential in the same manner as it did a decade ago. 

Speakers

Douglas Hammel , AICP , Chicago , IL (see bio)
Dan Gardner , Houseal Lavigne Associates , Chicago , IL (see bio)
Daniel Bolin , Chicago , IL (see bio)