“Placemaking is not just a design endeavor. Or a business proposition. Or a public health pursuit. Or an equity concern. Or an avenue for culture and the arts. It’s all of these things, and more. It’s the basis for how we, as human beings, organize ourselves. It’s how we physically embody our values in the built environment. It’s how we make opportunity available to all. It’s how we build resilient local economies and legitimize the prospects for people of all stripes to build wealth over their lifetimes.
But in the context of our present regulatory and financial environments, that doesn’t necessarily happen naturally, requiring the need for municipal intervention to ease the pains of change. Two things in particular: enabling meaningful placemaking so that good places can be built faster to meet demand; and, as that process unfolds, protecting — via tax policy, affordable housing initiatives, and similar endeavors — the most vulnerable who are frequently the casualties of rapid change.”