Triple Bottom Line Benefits from Economic Development

Authors: Musgrave, Michael; Sherman, David; DeGeorge, Elise

Source: Proceedings of the Water Environment Federation, Cities of the Future/Urban River Restoration 2010 , pp. 904-912(9)

Publisher: Water Environment Federation

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Abstract:

In order to achieve sustainable development, planners and City leaders should aim to meet a ‘triple bottom line’ set of goals which includes environmental, economic and social benefits. The case being made herein is that major public infrastructure investment, be it economic, environmental or social revitalization, can stimulate revitalization in the other remaining triple bottom line areas. Central to the financing strategy is development of initial “seed” investments and creating a mechanism for leveraging additional public investment for maximum benefit. Three case studies are presented herein to demonstrate where this strategy has been successfully implemented including the creation of the Capital Improvement Management Office (CIMO) in Kansas City, Missouri, Redevelopment of the Former Stapleton International Airport (Stapleton Redevelopment) in Denver, Colorado and the establishment of the Integrated Public/Private Clean Stream Team (CST) for the City of Indianapolis.

Keywords: Triple bottom line; leveraged investment; revitalization; seed investments

Document Type: Research Article

DOI: http://dx.doi.org/10.2175/193864710798285444

Publication date: January 1, 2010

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