Panel
Innovative Cities: Transforming the Urban Ecosystem
Milken InstituteRoss Duvall, Andy Cohen, Claire Cockerton, Shirley Franklin, Ned Couric, Perry Wong, Rasmus Silkaitisenkovskiy, Eric Schmidt, David Plylar
- The Milken Institute aims to advise cities and regions in developing high-value-added, knowledge-based economies to generate quality jobs.
- UN projections forecast that by 2050, 65% of the developing world and 85% of the developed world will reside in urban areas, with approximately 25 million Chinese people currently migrating to cities.
- Urban infrastructure developments include a completion date of October for Shanghai's second tallest building, which will house 30,000 people and feature 1,200 windmills to power a significant portion of its electricity.
- Toyota plans to introduce the mass-produced Toyota Mirai hydrogen-powered vehicle to the United States market in late summer or fall, supported by a build-out of 17 additional hydrogen fueling stations in California this year and 28 next year to reach a total of 48 stations.
- Future transportation expectations include the near-term deployment of fully autonomous systems in limited spaces like campuses and airports, followed by connected vehicle and infrastructure solutions to address traffic within the next decade.
- Toyota anticipates a wide array of vehicles and transportation systems will be available to the public over the next 40 to 50 years.
- Purpose Built Communities, currently operating in 11 cities including Fort Worth, Houston, and New Orleans, expects growth in entrepreneurship among East Lake residents over the next few years.
- The U.S. senior population (65 and older) is projected to shift from one in nine over the last decade to one in four or five within the next 20 to 25 years.
- By 2020, millennials are expected to comprise 50% of the workforce, driving demand for authenticity, creativity, and innovation in building design.
- The Chinese government is modifying registration systems to grant laborers the status of city dwellers to resolve urban development challenges.
- Strategic plans for city development emphasize customizing smart city playbooks to local resources with long-term economic plans as the core, ensuring job creation and equitable benefit distribution.
- Stakeholders assert that technology and entrepreneurship can transform oldest industries, while design holds the power to create better cities and a better world.