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The Economics of Greenfield Development

Posted by: Nate Berg

5 February 2010 - 12:00pm

This essay from The Urbanophile looks at the economics behind greenfield development.

"What is greenfield economics? This is simply the set of conditions that flow from building on new territory or exploiting new markets vs. redevelopment of old places, organizations, etc. Being able to start with the proverbial blank slate enables a huge number of benefits. "

Through this economic lens, this piece looks at the cycle of building new places and then abandoning them for other places with little or no baggage.

Full Story: The Power of Greenfield Economics
Source: The Urbanophile, February 4, 2010
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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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