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Metropolitan Institute

"Selling Tax-Reverted Land: Lessons from Cleveland and Detroit."_Dewar. [journal article] - 3 views

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    Dewar, Margaret. "Selling Tax-Reverted Land: Lessons from Cleveland and Detroit." Journal of the American Planning Association 72, no. 2 (2006): 167-80. "Property abandonment is widespread in many northeastern and Midwestern cities. Some cities succeed better than others at moving abandoned properties to new uses. Comparing Detroit and Cleveland, where indicators of demand for land look similar, reveals that Cleveland's land bank has been an effective approach to selling tax-reverted land for reuse, while Detroit's method of land disposition has been less successful. Cleveland integrates its approach into the mayor's agenda for housing development and supports redevelopment with many complementary efforts. Cleveland's land bank conveys land with clear title, has an accurate property inventory, "banks" property, and sells for predictable, low prices." (from article)
Metropolitan Institute

Public Land Banking and the Price of Land - 2 views

This article reviews the ways in which the public land banking process can affect residential land prices. Carr, Jack, and Lawrence B. Smith. "Public Land Banking and the Price of Land."

economics land banks Jack Carr Lawrence B. Smith 1975

started by Metropolitan Institute on 04 Jan 12 no follow-up yet
Metropolitan Institute

"The Role of Contamination in Central City Industrial Decline"_Howland, M. [journal art... - 2 views

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    Howland, Marie. "The Role of Contamination in Central City Industrial Decline." Economic Development Quarterly 18, no. 3 (2004): 13. "This study examines the role that land contamination plays in hindering central city redevelopment. The author tracked all sales and selling prices and the presence of contamination in one industrial area of about 5,580 acres in southwest Baltimore. The results indicate that after the mid-1990s, contaminated parcels have been selling and the market has adjusted to contamination by lowering prices. Out of 144 parcels that sold over the past decade, positive, market-clearing prices have been found for 45 parcels with either confirmed or historical-reasons-to-suspect contamination. Interviews with owners and brokers of parcels on the market for 2 years or more and analysis of the data indicate that sites with above-market asking price; that are small and oddshaped; with inadequate road access for modern trucks; that have outdated water, sewer, and telecommunications connections; and with incompatible surrounding land uses are the most likely to remain unsold after 2 years."
Metropolitan Institute

"The Effect of Community Gardens on Neighboring Property Values"_Been & Voicu [working ... - 1 views

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    Been , Vicki and Voicu, Ioan, "The Effect of Community Gardens on Neighboring Property Values" (2006). New York University Law and Economics Working Papers. Paper 46. http://lsr.nellco.org/nyu_lewp/46 DRAFT PAPER - PLEASE DO NOT CITE WITHOUT PERMISSION Abstract: "Cities across the United States increasingly are debating the best way to use vacant "infill" lots. The community garden movement is one of the major contenders for the space, as are advocates for small public "pocket" parks and other green spaces. To allocate the land most efficiently and fairly, local governments need sound research about the value of such gardens and parks to their host communities. At the same time, cities are looking for new ways of financing the development and maintenance of public garden and park space. Some have turned to tax increment financing to generate resources, other are introducing impact fees or special assessments to cover the costs of urban parks. In order to employ such financing mechanisms, both policy concerns and legal constraints require local governments to base their charges on sound data about the impacts green spaces have on the value of the neighboring properties that would be forced to bear the incidence of the tax or fee. Despite the clear public policy need for such data, our knowledge about the impacts community gardens and other such spaces have on surrounding neighborhoods is quite limited. No studies have focused specifically on community gardens, and those that have examined the property value impacts of parks and other open space are cross-sectional studies inattentive to when the park opened, so that it is impossible to determine the direction of the causality of any property value differences found. The existing literature also has paid insufficient attention to qualitative differences among the parks studied and to differences in characteristics of the surrounding neighborhoods that might affect the parks' impacts
Metropolitan Institute

The Possibilities of LIHTC Projects in a City with Long Term Population Loss: A Counter... - 2 views

In this paper, shrinking cities refer to cities that have experienced decades-long sustained population loss and, in the United States, those that continued to lose population through the 2000s. Of...

shrinking cities population loss LIHTC New Orleans blight federal policy urban planning Riekes Trivers Ian Ehrenfeucht Renia Ehrenfeucht 2011

started by Metropolitan Institute on 04 Jan 12 no follow-up yet
Metropolitan Institute

"Assessing the Effect of Publicly Assisted Brownfield Redevelopment on Surrounding Prop... - 1 views

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    De Sousa, C., Wu, C. and L. Westphal. 2009. "Assessing the Effect of Publicly Supported Brownfield Redevelopment on Surrounding Property Values." Economic Development Quarterly 23(2): 95-110. Abstract: "This study measures and compares the impact of publicly assisted brownfield redevelopment on nearby residential property values in Milwaukee and Minneapolis. It also examines the influence of land use, neighborhood characteristics, and other redevelopment factors on this impact. The research approach incorporates a hedonic method to quantify nearby property value effects at more than 100 brownfield projects, and stakeholder interviews are used to assess perceived impacts to real estate conditions. The results reveal that the spillover effect in terms of raising surrounding property values is significant in both quantity and geographic scope, as redevelopment led to a net increase of 11.4% in nearby housing prices in Milwaukee and 2.7% in Minneapolis. It also reveals that project size, value, and the amount of public funding have minor impacts on this effect; factors such as proximity to major roads, distance from rail, and higher incomes have greater positive impacts."
Metropolitan Institute

To be Abandoned, or to be Greened - 3 views

Abstract: Many cities around the country combat increases in abandoned properties, as these properties often become an eyesore in urban landscape. In particular, old industrial cities where a large...

community gardens public-private partnerships tax incentives case studies Philadelphia discrete choice model Neighborhood Information System NIS urban greening In Kwon Park Patricia Ciorci 2011

started by Metropolitan Institute on 04 Jan 12 no follow-up yet
Metropolitan Institute

"Raze the Roof: Cleveland Levels Vacant Homes to Revive Neighborhoods" - 2 views

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    A slow process of out-migration, loss of jobs, loss of population and the recent housing crisis has left cleveland with a host vacant homes, approximately 13,000. Due to rehabilation costs exceeding potential sales prices and a mis-match in productive (land/economic) uses, nearly 80% of these vacant homes make fiscal sense to demolitish. This has left the city and remaining neighborhoods to explore untraditional ways of redeveloping. It has also lead to a growing trend of foreign investment in it's neighborhoods, from Israel to the United Kingdom, all hoping the real estate market will stabilize.
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