2026-09-19T09:30:20Zhttps://dspace.mit.edu/server/oai/requestoai:dspace.mit.edu:1721.1/1182472022-01-13T07:54:09Zcom_1721.1_7582com_1721.1_7581col_1721.1_131023
Karl F. Seidman.
Liss, Louis A
Massachusetts Institute of Technology. Department of Urban Studies and Planning.
Massachusetts Institute of Technology. Department of Urban Studies and Planning
2018-09-28T20:58:35Z
2018-09-28T20:58:35Z
2018
2018
http://hdl.handle.net/1721.1/118247
1054104030
Thesis: M.C.P., Massachusetts Institute of Technology, Department of Urban Studies and Planning, 2018.
Cataloged from PDF version of thesis.
Includes bibliographical references (pages 68-70).
MassDevelopment's Transformative Development Initiative (TDI) has brought coordination, local capacity building and in some cases, added investment to Gateway Cities struggling to bring investment into their cores. However, real estate development in weak markets remains fundamentally challenging, with each project requiring substantial development expertise and political support to cobble together a complex stack of public and private capital. Existing knowledge on the community development ecosystem suggests that commercial and mixed-use projects that rehabilitate existing buildings can be the most challenging to implement due to capital intensiveness and risk. These projects can often also deliver significant place-making and economic development benefits. This client-based thesis seeks to consider the role that state equity investments could play across different project types. After considering the policy and political context of TDI, this thesis will use the Brockton context as a lens for recommending an alternative strategy-the "condo approach"- for MassDevelopment to deploy its TDI Equity Investment funds. Client-based learning, market research, stakeholder interviews, and financial modeling help to inform this strategy.
by Louis A. Liss.
M.C.P.
70 pages
eng
Massachusetts Institute of Technology
MIT theses are protected by copyright. They may be viewed, downloaded, or printed from this source but further reproduction or distribution in any format is prohibited without written permission.
http://dspace.mit.edu/handle/1721.1/7582
Urban Studies and Planning.
Transformative bricks and sticks : boosting commercial and mixed-use rehabilitation projects in TDI districts
Boosting commercial and mixed-use rehabilitation projects in Transformative Development Initiative districts
Thesis
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<Abstract>MassDevelopment's Transformative Development Initiative (TDI) has brought coordination, local capacity building and in some cases, added investment to Gateway Cities struggling to bring investment into their cores. However, real estate development in weak markets remains fundamentally challenging, with each project requiring substantial development expertise and political support to cobble together a complex stack of public and private capital. Existing knowledge on the community development ecosystem suggests that commercial and mixed-use projects that rehabilitate existing buildings can be the most challenging to implement due to capital intensiveness and risk. These projects can often also deliver significant place-making and economic development benefits. This client-based thesis seeks to consider the role that state equity investments could play across different project types. After considering the policy and political context of TDI, this thesis will use the Brockton context as a lens for recommending an alternative strategy-the "condo approach"- for MassDevelopment to deploy its TDI Equity Investment funds. Client-based learning, market research, stakeholder interviews, and financial modeling help to inform this strategy.</Abstract>
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