This article was written by Charles Lockwood, a green real estate authority and consultant based in southern California and New York City. His articles have appeared in the Harvard Business Review, New York Times, Wall Street Journal, and Barronâ€™s.
Californiaâ€”the state that invented freeways and suburban sprawlâ€”has become a trendsetter again, and not a moment too soon in our new age of global climate change. In October 2008, California Governor Arnold Schwarzenegger signed into law SB375, which was supported by environmentalists, homebuilders, and cities and counties. SB375 will limit the stateâ€™s CO2 emissions by curbing suburban sprawl and increasing transit-based development through various incentives.
If a community plans walkable, mixed-use, transit-oriented growth that reduces automobile use and greenhouse gas emissions, for example, it gets moved to the front of the line for state and federal transportation funds. If a proposed building is located near a transit line, it will have an easier environmental review process. Why is SB375 important?