Tag Archives: Real Estate Institute

Adaptive Reuse: Turning Blight into Bright | CCIM Institute

Combating blight and replacing the tax base: Unutilized structures are creating blight in markets across the U.S. And local governments are losing revenue from both declining sales and property taxes as retail stores close and prior growth industries such as financial services contract. How can cities replace lost sales and property tax revenue from closed stores and branch banks? Ironically, the solution is what local communities least understand and most resist: reusing a structure or property. It is a fe

Source: Adaptive Reuse: Turning Blight into Bright | CCIM Institute