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Structuring Urban Redevelopment Projects: Moving Participants Up the Learning Curve

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  • Emil E. Malizia

    () (University of North Carolina–Chapel Hill, Chapel Hill, NC 27599-3140)

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.

Suggested Citation

  • Emil E. Malizia, 2003. "Structuring Urban Redevelopment Projects: Moving Participants Up the Learning Curve," Journal of Real Estate Research, American Real Estate Society, vol. 25(4), pages 463-478.
  • Handle: RePEc:jre:issued:v:25:n:4:2003:p:463-478
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    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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