THE JOINT DEVELOPMENT MARKETPLACE

It is noted that central cities are showing signs of life and the potential for renewed vitality. However, the cooperation invariably needed to achieve revitalization does not always exist. Often, local initiatives, federal programs, and market realities do not mesh. Unresolved problems that stifle local community efforts at revitalization are listed and discussed. These problems relate to: the unawareness of the private sector of the city's opportunities; the wariness of public officals of close association with developers; lack of innovative skills and leadership in most develpers; counterproductive focus by the federal government, especially HUD, on past conditions of distress rather than on emerging opportunities; the need for coordination of federal programs; and the chorus of dissent to the trends of redevelopment of the city. Assistance must be provided to both cities and the development community to help overcome hurdles blocking revitalization. The importance of joint development lies in its potential benefits to both the public and private sectors. It can bring more effective utilization of transportation facilities, more fiscal and economic benefits to the jurisdictions involved, and a good return on investments for the private sector.

  • Availability:
  • Corporate Authors:

    Urban Land Institute

    1200 18th Street, NW
    Washington, DC  USA  20036
  • Authors:
    • Borut, A
  • Publication Date: 1978-9

Media Info

  • Features: Photos;
  • Pagination: p. 6-10
  • Serial:
    • Urban Land
    • Publisher: Urban Land Institute
    • ISSN: 0042-0891

Subject/Index Terms

Filing Info

  • Accession Number: 00193609
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jun 30 1979 12:00AM