Mixed-use development as a neighborhood revitalization strategy : obstacles and approaches to financing

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.

Department dc:contributor.department

Massachusetts Institute of Technology. Dept. of Urban Studies and Planning.

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

1999

Author dc:creator

• Edelsberg, Eliza Emond, 1971-

Advisor dc:contributor.advisor

• Karl Seidman and William C. Wheaton.

• Urban Studies and Planning.

Statement dc:rights

• M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.

Licence dc:rights.uri

• http://dspace.mit.edu/handle/1721.1/7582

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/1721.1/35485

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/35485