Public sector entities at all levels of jurisdiction - local, state, and federal - are routinely involved with all manner of real estate assets.
Community redevelopment is a large-scale means of adaptive re-use of public sector real estate. Community redevelopment refers to the process of re-designing and re-constructing existing community infrastructure, to support new public and private investment in specific neighborhoods and defined project areas. There are also instances where community redevelopment was pursued to create an asset of strategic value to a community or region. An example that has been popular over the years, is the incentivization provided for the construction of a convention hotel for a community seeking to bring meetings and conventions.
Related Topics
Community Redevelopment
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Stonecreek Partners Resource pages are provided freely and without limitation for personal, private, non-commercial use, and may be linked to as a source page. All resource page information is based on 30 years of practitioner's experience of Stonecreek Partners' principals, in the retail, entertainment, hotel, residential, and commercial real estate industries.
