Real Estate Finance And Urban Retail Development
31 July 2003 - 2:00pm
Despite the prosperity of the 1990s, robust inner city retail development did not follow.
Despite the increase in real estate financing instruments over the past decade, inner city retail development has lagged in all but a select few cities. Indeed, even though new methods of financing have led to more liquid markets with potentially a broader appetite for risk, developers and their financial backers have continued to pursue projects primarily in top-tier cities and suburbs.
Source:
The Brookings Institution, July 22, 2003
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The impact of community design and amenities on community engagement is substantial. Respondents with a lower overall grade for their communities were also found to be less engaged in their communities, as measured by participation in social activities, relationships with neighbors, volunteer work, and civic participation such as voting.
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