In years past, it was most common to develop housing in one area, while entertainment, retail, restaurant, and work destinations were located in separate locations further away. This created much loss of time and energy, as people needed to drive to many locations to get things done. Further, parking was located separately and in inconvenient locations, creating additional need to drive to various destinations. Today however, developers are now recognizing the many benefits to incorporating many uses in one area, and this has resulted in countless successful projects.
It is important to keep in mind when planning for development that creating a master plan is a very important step. Planning for future development benefits everyone involved, from government officials and developers to business owners and residents, helping them to know what to expect, when to expect it, and how they will be affected. Master Planning is particularly valuable because it provides a strategy for best implementing whatever uses are desired. In addition, planning early to effectively integrate parking is an important step to bringing people to a destination and creating a pleasant experience.
Another positive outcome of developing a master plan is that it helps to plan for cost. Knowing what the future holds regarding development in an area creates opportunities for costs to be adequately determined, and payment can be planned accordingly. In addition, planning makes sure every piece of the development – housing, parking, retail, offices, etc. – are all situated in the best way possible, which will help to reduce the likelihood of problems when the development is constructed, thereby resulting in lower overall costs.
Creating a master plan for any project, large or small, is always a good idea. Whether developing an entire area of a town, city, or campus, or implementing a parking plan, having a master plan is the first step to a successful result.