Tag: downtown revitalization
Legal and Business Reasons Why Downtown Development Programs Should Involve Secured Loans—Not Grants
Dr. Blaine Beeper is a retired hospital administrator who was recently elected to council in the Town of Bushwood. Dr. Beeper thinks he has figured out how to jumpstart revitalization of Bushwood’s historic downtown. He proposes for the Town to offer annual cash grants to any owner who redevelops a … Continued
Student Corner: An Innovation District in Downtown Durham: Will It Mean Gentrification? Not Necessarily…
On March 16, 2017, Longfellow Real Estate Partners, in partnership with Duke University and Measurement Inc., broke ground on the first phase of new construction on the Durham Innovation District, or Durham.ID, in downtown. Durham.ID describes itself as “1.7M square feet of possibility nestled among … Continued
Student Corner: Retail Incubators and Main Street Revitalization: Part II
In Part I of this post, the CED blog introduced retail incubators and a program-based model that provides financial, educational and networking support for retail start-ups transitioning to brick-and-mortar stores. In Part II, CED examines the space-based model. Space-based retail incubators allow r … Continued
Student Corner: Library Living? Integrating a library into a mixed-use development
Would you ever want to live and shop on top of or next to your library that is part of a mixed-use development? Cities looking to catalyze on a library’s energy and flow of people could consider the development of a library as a component in a mixed-use project, which is development that integrates … Continued
Student Corner: Retail Incubators and Main Street Revitalization: Part 1
Launching a retail business in a downtown storefront is a capital and knowledge intensive endeavor. Equally, Main Streets across North Carolina and the country are struggling to retain and attract vendors, with each new empty window display threatening the economic health of the street as a whole. I … Continued
Student Corner: A Guide to Value Added Alleys for Small Towns and Cities
Alleys, in the American context, are cramped spaces tucked behind commercial buildings that house the ancillary services businesses and households require such as trash removal, utility access, and deliveries. Glimpsed only momentarily by passing pedestrians, these spaces are often perceived as dirt … Continued
Student Corner: The Economic Impact of Downtown Courthouses
In 2013, the 11-story, $119 million Durham County Courthouse opened. This 320,000 square foot structure is located on 510 South Dillard Street and is right next to the Durham Bulls Athletic Park and the Durham Performing Arts Center in downtown Durham. Government offices, homes, and businesses are t … Continued
Student Corner: Downtown Schools & CED
A recent post on the CED blog discussed the relationships that make up a downtown public school. The Downtown School in Winston-Salem, NC demonstrates a school as an opportunity to add a level of vibrancy to the downtown area by mutually benefitting the students, parents, and myriad other organizati … Continued
Cash Grants for Real Estate Developers without Competition for Jobs—A Constitutional Quandary
A local real estate developer, Al Czervik, proposes to construct a mixed-use development with residential, office, and retail space. The city council likes the development plan because it is consistent with the council’s vision for the area. Czervik, seeing incentives being offered to convince compa … Continued
Student Corner: The Downtown School
School may still be out for summer, but the CED blog is taking another look at the role that education plays in community and economic development. As earlier posts on teacher housing developments, downtown community colleges, an, most recently, the repurposing of historic school buildings have exam … Continued