Kerry Curry

As soon as 2030, the trend toward fewer and smaller cars will mean a reduced need for wide roads and parking, reshaping cities and how people interact. Experts explored the implications at a recent interdisciplinary parking symposium in Arlington, Texas, co-sponsored by ULI North Texas.
Parking is a big issue in the Dallas/Fort Worth region, an area that 3.4 million more people are expected to call home between now and 2040, raising the total population to 10.6 million while adding 2.3 million more cars to clogged roadways. At an event in Dallas, land-use experts considered several solutions for a flexible future.
At a ULI North Texas event in Dallas, panelists said that the renewed optimism among small business owners, strong consumer confidence, and a robust U.S. job market suggest that the next recession may be further away than predicted just a year ago. The Dallas-Fort Worth area is well-positioned for further gains, as 16 competed or under construction projects near DART stations are forecast to produce $2 billion in economic development.
Both banks and alternative lenders increasingly see the Dallas/Fort Worth market as an attractive place to deploy capital in the commercial real estate sector and remain generally bullish on the region, said panelists speaking at a ULI North Texas event focused on capital markets.
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