Tapping into the Tax-Credit Trend

Resourceful developers are finding what amounts to low-cost equity while taking advantage of a major market trend.

Read Time: 1 minute

September 28, 2000, 7:00 AM PDT

By Chris Steins @urbaninsight

In 1986, Bill Struever, president of the Baltimore development company Struever Bros. Eccles & Rouse, gazed at the American Can Company’s aging yet still operational factory and imagined its possibilities. By 1998, 12 years after Struever first considered the factory’s potential, the 300,000-square-foot complex sat abandoned and surrounded by an eight-foot barbed-wire fence. (ULI membership is required to read the full text of this article.)

Thanks to Urban Land Magazine

Sunday, September 24, 2000 in Urban Land Magazine


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