Entrepreneurship and the Built Environment

Posted: 1 Oct 2016

See all articles by Anne Choike

Anne Choike

Wayne State University Law School

Sarah Schindler

University of Maine - School of Law

Date Written: September 30, 2016

Abstract

This Article will explore the relationship between entrepreneurship and the built environment by examining a significant obstacle to transportation network startups' expansion: outdated land use regulations that require significant parking requirements that decrease urban density and, in turn, consumer demand for such startup's services. Some of the resistance likely originates from landowners who, for example, anticipate their holdings will decrease in property value due to higher density and traffic. To these interest groups, reforming land use laws in this way represents a significant wealth transfer to transportation network startups. This Article proposes that one way transportation network startups might earn the support of these landowners – and, in turn, the city councils and zoning boards that represent their interests – could be to recognize reform of the laws and regulations governing the built environment as a capital raising strategy. In exchange, landowners and cities would be given a stake in the capital structure of transportation network startups that benefit from land use reforms that drive higher passenger demand and otherwise monetize underutilized urban spaces.

Suggested Citation

Choike, Anne and Schindler, Sarah, Entrepreneurship and the Built Environment (September 30, 2016). Available at SSRN: https://ssrn.com/abstract=2846085

Anne Choike (Contact Author)

Wayne State University Law School ( email )

471 West Palmer Street
Detroit, MI 48202
United States

HOME PAGE: http://https://law.wayne.edu/profile/az6771

Sarah Schindler

University of Maine - School of Law ( email )

246 Deering Avenue
Portland, ME 04102
United States
207-780-4409 (Phone)

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