ABOUT THIS REPORT
This report was made possible by the generous support of the Kresge Foundation. Numerous ULI members and staff contributed to the report and research process, including the Sustainable Development Council and the Responsible Property Investment Council.
ULI’s Urban Resilience Program undertook this research project in response to both policy trends and increased interest in water management among ULI member networks and com- munities. The research also builds from the program’s recent work, including Advisory Services panels focused on resilient approaches to water management, Returns on Resilience case studies highlighting projects with innovative approaches to water management, and the 2015 Shaw Forum in Philadelphia, which brought together leaders in green infrastructure to explore best practices in stormwater management and low-impact development policies.
This report seeks to address a gap in today’s research on stormwater management approaches. Although much has been written on the topic of green infrastructure and water management, most recent reports focus on stormwater policies or opportunities for capturing stormwater in the public realm. Fewer have focused on implications for private sector real estate developers.
This report brings together an analysis of the stormwater policy landscape and an introduction to a variety of real estate development projects that have responded to them. After outlining the reasons that stormwater management is important to cities, this report introduces a series of real estate case studies and a range of types of stormwater policies. The case studies come from locations across the United States and present both innovations in stormwater management and positive financial, operational, or design outcomes.
Discussions with real estate developers, policy makers, property managers, and designers greatly contributed to the development of this report. Numerous ULI members participated as interviewees and reviewers providing feedback on this paper and the overall project.