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Growing Private Investment in Urban Redevelopment

The redevelopment of American cities is not what it used to be. Once largely led by the federal government as a response to urban blight, urban revitalization is becoming more market driven, local, and self-supporting. Many federal funding programs are now in jeopardy, but there are also now more private resources flowing into urban redevelopment. Planners and economic development professionals are often expert at utilizing various governmental programs, but now will need to strengthen their capabilities to gain maximum benefit from private capital to accomplish revitalization projects. Some of the federal programs in greatest jeopardy, such as Community Development Block grants and support for Public Housing, are legacies from New Deal urban renewal efforts. In a speech shortly before the election, Mr. Trump referred to his approach as "urban renewal" but was surely not advocating a return to older programs with mixed results. More recent, targeted programs, notably the EPA…Log In to Read Full Article

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Legislative Update: Unlocking Portland's Industrial Property Potential

I previously discussed the potential boost to the redevelopment of brownfield properties in Oregon that could result from the passage of HB 2734, the Land Bank Authority Bill, during the 2015 legislative session. The Oregon legislature continued this effort during the 2016 session with the unanimous passage of HB 4084,… Read more

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