Financing Post-Recession Development
Blackson lays out some of the tools we're going to be needing in 2012 and beyond, including land assembly techniques, urban planning policies, urban design regulations, local tax districts, and city-wide tax tools. He points out:
"In startling alignment with James Howard Kunstler's stark predictions, ULI's 2012 Report, 'What's Next: Real Estate in the New Economy,' bubbly concludes: 'The real estate world is hurtling into a different place and time. Change is coming at a faster pace with more uncertain consequences. Success will take on different forms and risks will increase. Standing pat or ignoring new realities is not possible. Notably, investment will gravitate to places that welcome business and view public investments - in education, infrastructure, and innovation - as prerequisites for progress and economic sustainability.'"
"Municipalities are finally looking to new models modifying their decades-long reliance upon suburban planning tools to enable infill redevelopment. Just as suburbia was built with now vanishing state and federal subsidies, the following financing tools are available to tilt the playing field towards the difficult chore of building infill redevelopment."
Thanks to Hazel Borys