Investing in a Neighborhood

Residents hope that the construction of a new credit union headquarters will boost a sagging neighborhood

The GTE Federal Creadit Union's new $23 million headquarters is surrounded by an interstate offramp, a boarded up house, and an aging public housing complex. However, they are optimistic about the location because it is withing easy commuting distance of workers, is in an enterprise zone offering tax rebates, and the property was a relative bargain. GTE will join two other large employers nearby, creating an employment base of 1100 in the area. Residents and city officials hope that the company's investment in the area will provide more employment in the area, spark more investment, and cause home prices to appreciate. The city hopes that the neighborhood will be a bridge between downtown and the Ybor historic district to the east.

Thanks to Peter Christensen

Full Story: Investing in a Neighborhood

Comments

building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25

Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
AICP CTP Storefont Display

The first online AICP* CTP exam prep class

Are you ready to take the AICP* Certified Transportation Planner exam?
Priced at $245 for May exam!
Women's t-shirt with map of Los Angeles

City T-Shirts for the ladies!

Women's Supersoft CityFabric© Fashion Fit Tees. Now available in six different cities.
$24.00