Mixed-use development as a neighborhood revitalization strategy : obstacles and approaches to financing
Name
45040069-MIT.pdf
Description
Full printable version
Size
5.9 MB
Format
Adobe PDF
Checksum (MD5)
04f458468689687b8014663fe2cbc656
Author(s)
Edelsberg, Eliza Emond, 1971-
Advisor(s)
Karl Seidman and William C. Wheaton.
Date Issued
1999
Publisher
Massachusetts Institute of Technology
Abstract
The focus of this research paper is to identify and explore the obstacles to financing neighborhood mixed-use development. This model of development has proven to be an important neighborhood revitalization strategy for many inner-city neighborhoods. However, the difficulties in financing mixed-use projects limit the opportunity for replication in other communities. The case studies presented in this paper highlight the types of challenges that face developers in assembling financing for mixed-use projects. They also provide some insight into various strategies to overcome these obstacles to financing. The thesis concludes that the mechanisms for providing public resources to neighborhood mixed-use development are inefficient and add to the costs of a project; private lending institutions currently play only an inadequate and limited role in financing these projects; and the strength of the commercial component is critical to the success of a mixed-use project.
Description
Thesis (S.M. and M.C.P.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 1999.
Includes bibliographical references (leaves 84-87).
Subjects
Urban Studies and Planning.
MIT Department
Massachusetts Institute of Technology. Department of Urban Studies and Planning
Terms of Use
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