The new economic realities of sustainable Real Estate with $150 a barrel oil.

The recent jump of gas prices in the United States to over $4 a gallon is putting further pressure on Suburban America, already under pressure from the sub-prime mortgage crisis. With fuel costs having a massive effect on disposable incomes of commuters in the United States, there is now compelling evidence that governments around the world need to focus more attention on creating environments where people live close to work or can commute without relying solely on personal transportation. During this breakfast meeting, Rick Rosan will give a brief summary of the major macroeconomic and planning issues associated with the future of Suburban vs. Urban development and what affects and impact it will have on the environment and economy over the next few years.

Richard M. Rosan is President, Urban Land Institute (ULI) Worldwide. Prior to his service at ULI, he spent 22 years in New York City in several capacities, including 12 years with the City of New York, concluding with his service as the city’s Economic Development Director. Mr. Rosan also served for six years as President of the Real Estate Board of New York, and he spent five years in the private development business as a project director for several large New York City development projects.