Parks Are A Wise Investment In Tough Times
"It's a role previously assigned to the '80s-era performing arts center and the '90s-era downtown sports venue. Thanks to parks' across-the-board appeal, wide diversity of uses and heavy programming, though, they may be the piece that ultimately completes the puzzle."
The Discovery Green in Houston is an fine example of how investment can transform a neighborhood. "Even before it was completed, a developer bought an adjacent lot with the idea of opening One Park Place." It was the first apartment tower to go up in the city for decades and is 65% occupied in less than a year.