Tag: urban redevelopment
Mezzanine Financing in Community Economic Development
Post Renovation Mezzanine financing, or mezz debt, can play a critical role in the funding of a community economic development project and has other advantages discussed in this post, but what exactly is it, and how does it work? Financing the renovation of historic buildings is far more complicated … Read more
Redevelopment Areas in Action: Sanford, NC
In a recent post, Tyler Mulligan provided an overview of how local governments can use an Urban Redevelopment Area to attract private investment. This post will describe an example from Sanford, NC. In the early 2000s, the City of Sanford found itself in a position common to many other small towns i … Read more
Redevelopment Areas in Action: Greenville, NC
In a recent post, Tyler Mulligan provided an overview of how local governments can use an Urban Redevelopment Area to attract private investment. This post will describe an example from Greenville, NC. Like many towns in eastern North Carolina, Greenville’s downtown, known to residents as Center Cit … Read more
Redevelopment Areas in Action: Mooresville, NC
In a recent post, Tyler Mulligan provided an overview of how local governments can use an Urban Redevelopment Area to attract private investment. This post will describe an example from Mooresville, NC. Mooresville, a small town (population 32,711) located 20 miles north of Charlotte, provides an ex … Read more
Student Corner: Yanceyville Open House
John Killeen is a graduate student in the Department of City and Regional Planning working in Caswell County. This evening (Thursday February 25), a public event will be held celebrating the official opening of Yanceyville’s new civic facility. Starting at 5pm, the public is invited to join town cou … Read more
Kelo Revisited: Eminent Domain for Economic Development in North Carolina
Tyler Mulligan is a School of Government faculty member. A New York Times article today covered Pfizer’s announcement that it will be leaving New London, Connecticut, the city at the center of the landmark eminent domain case, Kelo v. City of New London, 545 U.S. 469 (2005). In Kelo, a 5‑4 m … Read more