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A Highway Runs Through It

Posted by: Abhijeet Chavan
Thanks to: Abhijeet Chavan
13 October 2004 - 10:00am

Tiny town fights Virginia Dept. of Transportation plans for highway expansion.

"Residents hope that restarting the town and raising Buckland's historical profile will give it more clout to fight the state's plan to eventually widen the highway that runs through the middle of it.

While many area preservationists agitate for open space, Blake and a handful of Buckland residents have gone further -- digging into their pockets to buy more than a dozen town properties in the name of blocking suburban encroachment. They are willing to forgo tens of millions of dollars from developers to keep their town the way it is."

Full Story: Embracing the Past In Tiny Buckland, Va.
Source: The Washington Post, October 12, 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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