• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Real EstateFortune Insiders

How universities can renew America’s cities

By
Bruce Katz
Bruce Katz
Down Arrow Button Icon
By
Bruce Katz
Bruce Katz
Down Arrow Button Icon
November 3, 2014, 7:00 AM ET
West Philadelphia’s University City has spawned new commercial and retail development.
West Philadelphia’s University City has spawned new commercial and retail development.Courtesy of University City District

Over the past decade, businesses and research institutions that produce new discoveries and bring new products to market have, increasingly, moved into urban areas. This new geography of innovation, as I and my colleagues at the Brookings Institution call it, is coinciding with and benefitting from young workers shifting their residential preferences and revaluing city life.

The implications of this trend have been well reported—from where jobs are located, to what kinds of housing are built, to how the benefits can be shared broadly within communities. Less reported is the impact that colleges and universities could have on America’s cities, as they look to these areas to draw new ideas and talent.

Over the past decade, a number of universities—Brown, Cornell, the University of California, the University of Washington, Duke University, Arizona State University, just to name a few—have gotten ahead of the curve, un-anchoring from their traditional campuses and expanding into the cores of cities.

Smart university presidents should follow suit.

This is not to say that whole undergraduate institutions should uproot and plant their flags to the closest city. Rather, these leaders need to rethink where they locate their specialized graduate schools and high-value research assets—moving them from relatively remote locations into places where they can both leverage an existing ecosystem and revitalize growth.

Whether the University of California San Francisco moving a biotechnology campus into the heart of Mission Bay in 2003, University of Washington’s medical research hub to Seattle’s South Lake Union in 2005, Brown University’s downtown Providence medical school in 2011, or Duke’s Clinical Research Institute in Downtown Durham in 2013, it’s clear that university presidents are beginning to value the allure of the urban campus for certain R&D functions, both to attract the right talent and to turbocharge research.

Some schools are even looking beyond their own metro area—sometimes finding the right ecosystem means locating in a different city. As a Cornell professor Ronald Ehrenberg said about their isolated Ithaca, N.Y. campus, “It is very, very difficult for us to do the kind of development here through tech transfer that a place like Stanford or Berkeley can do in San Francisco or Harvard or MIT can do in Boston.” To be a major player in the tech industry, Cornell had to think about location, and they hope a new engineering campus in New York City (set to open in 2017) will be the solution.

The un-anchoring of these anchor institutions says a lot about universities’ desires to create relationships with local industries and community development. This is true even for those institutions already in cities but which have not always valued their location and, in times past, could be as gated as a secluded rural school.

In many ways, community colleges are actually ahead of the curve, as two-year and technical training programs are building strong ties with businesses, giving students hands on training while in school and a path to sub-baccalaureate jobs in fields such as manufacturing and the health sciences. One such example is the Baltimore City Community College Life Sciences Institute, which in 2009 relocated to the University of Maryland BioPark, a large-scale biotechnology research development near downtown Baltimore. The proximity to active research promises students good jobs “just an elevator ride away.”

The urbanization of higher-ed also has the potential to mitigate the impact of brain drain, where, post-graduation, students simply pick up and leave. University programs that connect to regional industry ecosystems are more likely to leave their students with strong local professional networks, providing them with increased opportunity without needing to search elsewhere. At the same time, changing demographic preferences have made it clear that highly educated graduates prefer to live in cities and urban environments, so locating in one offers a stronger chance that alumni remain post-graduation.

As they pursue relocations and expansions, universities are also increasingly financing and delivering some of the largest-scale redevelopment projects in our cities—a role that was explored in depth by a recent report by the University of Pennsylvania’s Institute on Urban Research. When done right, these projects can leverage catalytic public investments to remake whole swaths of the urban landscape. West Philadelphia’s University City is a perfect case study. Beginning with Penn’s West Philadelphia Initiative in the mid-1990’s and continuing through Drexel’s nascent Innovation Neighborhood plan, the rejuvenation of University City is largely thanks to its anchors, with community benefits including new commercial and retail development, supplemented municipal services, and even anchor-supported K to 8 charter schools.

Our cities are in the midst of being remade. In the process, we can’t lose sight of the multiplier effects of bringing our most advanced institutions into the heart of cities, where they can provide the broadest return on investments for the whole region. University leaders must rethink their institutions’ relationship with place, being more purposeful both in the locations of their research assets and their impact on their communities. Governors need to think about how to maximize the value of their state university systems and component parts. And urban developers should be thinking not just about mixed-use office, retail and housing, but about building specialized lab facilities and collaborative spaces near universities to realize the full potential of the innovation economy, which looks to institutions, entrepreneurs and technological change to advance growth.

At a time when people and their businesses are revaluing location and proximity, universities cannot remain bound by the location decisions of the 19th and 20th century. As the knowledge economy evolves, so too should the location of institutions dedicated to knowledge.

Bruce Katz is a vice president at the Brookings Institution and co-director of the Metropolitan Policy Program.

About the Author
By Bruce Katz
See full bioRight Arrow Button Icon

Latest in Real Estate

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Real Estate

jeremy wacksman
Real EstateHousing
The median first-time homebuyer is now 40. Zillow’s CEO says don’t expect that to change anytime soon
By Jake AngeloMarch 25, 2026
4 hours ago
Personal Financemortgages
Mortgage rates today, March 25, 2026
By Glen Luke FlanaganMarch 25, 2026
14 hours ago
Personal FinanceReal Estate
Current refi mortgage rates report for March 25, 2026
By Glen Luke FlanaganMarch 25, 2026
14 hours ago
Personal FinanceReal Estate
Current ARM mortgage rates report for March 25, 2026
By Glen Luke FlanaganMarch 25, 2026
14 hours ago
gen z
Real EstateInflation
Gen Z finally had room to breathe. Now Trump’s 26% gas price hike has them suffocating
By Nick LichtenbergMarch 24, 2026
1 day ago
homes
Real EstateHousing
Nearly three in five Americans think AI will push homeownership even further out of reach
By Jake AngeloMarch 24, 2026
1 day ago

Most Popular

Magazine
The youngest-ever female CEO of a Fortune 500 company is fighting Trump's cuts to keep Medicaid strong
By Fortune EditorsMarch 24, 2026
2 days ago
Commentary
The Treasury just declared the U.S. insolvent. The media missed it
By Fortune EditorsMarch 23, 2026
2 days ago
Success
Palantir’s billionaire CEO says only two kinds of people will succeed in the AI era: trade workers — ‘or you’re neurodivergent’
By Fortune EditorsMarch 24, 2026
1 day ago
Energy
Nobel laureate Paul Krugman calls it 'treason': $580 million in suspicious oil futures traded minutes before Trump's Iran reversal
By Fortune EditorsMarch 24, 2026
1 day ago
Success
The job market is so bad that ‘reverse recruiters’ are charging $1,500 a month just to help people look for jobs
By Fortune EditorsMarch 25, 2026
14 hours ago
Success
JPMorgan has started monitoring the keystrokes, video calls, and meetings of its junior investment bankers—and they say it's for employee well-being
By Fortune EditorsMarch 24, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.