This massive market movement represents “a profound structural shift — a reversal of what took place in the 1950s, when drivable suburbs boomed and flourished as center cities emptied and withered.” In the future, consumer preferences will force floundering suburban areas to restructure and to include infrastructure for biking, walking, and transit. Dense and connected urban areas “will support the knowledge economy, promote environmental sustainability and create jobs.”

Density Prevails in Great Recession
CEOS FOR CITIES | 29 NOVEMBER 2011
http://www.ceosforcities.org/blog/entry/3149