Structuring Urban Redevelopment Projects: Moving Participants Up the Learning Curve

16 Pages Posted: 5 Jan 2007

See all articles by Emil E. Malizia

Emil E. Malizia

University of North Carolina (UNC) at Chapel Hill - Department of City and Regional Planning

Abstract

Urban redevelopment projects implemented through public-private partnerships are the preferred way to revitalize inner-city areas. As the numbers of participants increase and deal structures become more complex, participants need more detailed knowledge of one another's motivations and behaviors to achieve feasible redevelopment projects. This research describes the expectations and behaviors of private sources of debt and equity, especially their financial return requirements, and the actions public participants can take to reduce project risks. With this knowledge, lead public and private participants should be able to forge economically viable projects that generate greater public benefits while reducing the risks of urban redevelopment.

Keywords: urban redevelopment, partnerships, motivation

JEL Classification: R11-15, R21, R22, R51, R52, R58

Suggested Citation

Malizia, Emil E., Structuring Urban Redevelopment Projects: Moving Participants Up the Learning Curve. Journal of Real Estate Research Vol. 25, No. 4, 2003, Available at SSRN: https://ssrn.com/abstract=955014

Emil E. Malizia (Contact Author)

University of North Carolina (UNC) at Chapel Hill - Department of City and Regional Planning ( email )

New East Building
Chapel Hill, NC 27599-3140
United States
919-962-4759 (Phone)
919-962-5206 (Fax)

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