Structuring Urban Redevelopment Projects: Moving Participants Up the Learning Curve

Urban redevelopment projects implemented through public-private partnerships are the preferred way to revitalize inner-city areas. As the numbers of participants increase and deal structures become more complex, participants need more detailed knowledge of one another’s motivations and behaviors to...

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Bibliographic Details
Published in:The Journal of real estate research 2003-10, Vol.25 (4), p.463-478
Main Author: Malizia, Emil E.
Format: Article
Language:English
Subjects:
Capital investments
Commercial credit
Commercial lenders
Community development corporations
Developers
Economics
Equity
Financial investments
Financial risk
Financing
Housing
Hypotheses
Inner city
Investment risk
Investors
Learning curves
Lenders
Motivation
Private equity
Public policy
Public private partnerships
Public-private partnership
Real estate
Redevelopment
REITs
Studies
Tax rates
Urban areas
Urban development
Urban renewal
Urbanism
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Description
Summary:Urban redevelopment projects implemented through public-private partnerships are the preferred way to revitalize inner-city areas. As the numbers of participants increase and deal structures become more complex, participants need more detailed knowledge of one another’s motivations and behaviors to achieve feasible redevelopment projects. This research describes the expectations and behaviors of private sources of debt and equity, especially their financial return requirements, and the actions public participants can take to reduce project risks. With this knowledge, lead public and private participants should be able to forge economically viable projects that generate greater public benefits while reducing the risks of urban redevelopment.
ISSN:0896-5803
2691-1175
DOI:10.1080/10835547.2003.12091127