(Need Advice) *Creating A Business District

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This will officially be my first post, and I am proud of it given my luck in finding this great website.



I am looking to create a beautification project for a little run down city, and need advice in how to do this... possibly through the strategy of creating a business district.



My goal is to revamp this lttile town, and possibly profit by picking up office & retail leases along the way.



Does anyone know where I would begin in a project such as this?



Thanks in advance,



~Mac

Comments(9)

  • cjmazur20th December, 2007

    or working to form an RDA.

    My home town has an RDA authorized to issue bonds for RDA work, but the RDA district is limited to a mall and a couple blocks around it.

    If other areas of the city want access to RDA $$, they have to get that area added to the RDA district.

  • Commercial_Kid21st December, 2007

    THANK YOU!!!

    IF I CAN HELP THE TOWN IT WILL BE REWARDING. PLUS, THATS WHAT I ENJOY DOING!

    ~MAC

  • commercialking16th March, 2008

    A few preliminary questions,

    How big a town is it?

    How much expertise is there in the city government?

    Is your motivation primarily economic or primarily to improve your town?

    How good a friend is the Mayor?

    What resources do you bring to the table? (money, track record, construction experience, etc.)

  • peshe17th March, 2006

    The property was a good size lot, I would say about an acre; but nearly the whole lot is utilized as a detention basin (under water); there is no room for any other use. Assuming the buyer is a sophisticated investor, what would he be able to do with this?

  • woodsong17th March, 2006

    He very possibly could be able to loose his shirt on this property.

    Have you asked him? The answer really is hard to say w/o knowing the local ordinances which are going to dictate allowed use and allowed methods for detention. You could take a plat of the lot to the county engineer and get their input.

  • woodsong17th March, 2006

    Step away from the green beer CommKing.....

  • expertllc2nd November, 2007

    Hey Commercial King you have literary capabilities, not very easy to find in a money oriented environment as RE is...keep up the good work and the good sense...
    regards

  • cjmazur29th March, 2008

    federal grants to make it wetlands, and protected habitat, and then donate it the nature conservancy.

    It would be interesting to watch and learn.

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