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Tangled Up In Mixed Use

Posted by: Abhijeet Chavan
Thanks to: Daniel Kaempff
1 July 2004 - 6:00am

New Urbanism-inspired development runs into problems with "mixed use" buildings.

"Several businesses lining the main street of the live-work-play Fairview Village development must shrink their operations, spend money on major renovations or shut down within 90 days, according to Gresham's fire marshal."

Full Story: Live, play, but don't work
Source: The Oregonian, June 29, 2004
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The decision to abandon a property is a symptom of the loss of confidence. And while abandonment certainly affects confidence among surrounding homeowners, the most important question to answer is not "how do we deal with abandoned properties?" but "what is the most cost-effective way to restore market confidence, and how do abandoned properties fit into that picture?"
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