By Dr. Arthur C. Nelson Ph.D. FAICP
this is often the 1st primer on financing city redevelopment written for training planners and public directors. In easy-to-understand language, it's going to tell readers of the typical cycle of city improvement, clarify how you can conquer boundaries to effective redevelopment, what it takes for the non-public region to justify its redevelopment investments, and the position of public and nonprofit sectors to leverage deepest quarter redevelopment the place the marketplace doesn't generate enough premiums of return.
it is a needs to learn for training planners and making plans scholars, financial improvement officers, public directors, and others who have to know how to leverage public and non-profit assets to leverage inner most cash for redevelopment.
Read Online or Download Foundations of Real Estate Development Financing: A Guide to Public-Private Partnerships (Metropolitan Planning + Design) PDF
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Additional resources for Foundations of Real Estate Development Financing: A Guide to Public-Private Partnerships (Metropolitan Planning + Design)
In the public domain; created by Arthur C. Nelson and redrawn by Allison Spain) depreciation, the land on which it sits will normally gain value, especially if the urban area is growing. 1 illustrates this appreciation in land and depreciation in the structure assuming a new building is built with a ﬁfty-year useful life, which is common for one- and two-ﬂoor ofﬁce buildings. When its doors open, the building accounts for 80 percent of the property value and the land for the remaining 20 percent; this is a typical building-to-land relationship for commercial buildings.
Engineered wood-frame construction supports structures up to ﬁfty feet or more, especially if the main level is a steel/concrete podium. The result is much more intensive development at lower cost. The only impediment is whether the community does not have a ﬁre ladder truck, in which case ﬁre insurance rates may limit occupied ﬂoors to no higher than thirty-ﬁve feet. What follows is a case study showing how a few changes to the zoning code facilitated redevelopment along a commercial corridor in Long Beach, California.
Local community costs increase, as must local taxes and other revenues to pay for them. The long-term outcome is inefﬁcient development patterns. 2 illustrates this for Albuquerque, New Mexico. During the middle 2000s, studies in Albuquerque showed that little or no new investment was needed to accommodate growth in some parts of the city, while other parts required new facilities to accommodate new development (see Nelson, Bowles, et al. 2008). 2 shows the difference in “net” costs needed to serve the same kind of development in what the city calls its fully served area but which is better characterized as the inﬁll/redevelopment area of the city compared to what the city calls its “partially served” area, which is better characterized as the greenﬁeld area of the city.