Monday, July 3, 2023

TURNAROUNDS TAKE TIME

GREAT CITIES DO NOT HAPPEN OVERNIGHT

CREATING PLACE AND PROSPERITY REQUIRES PATIENCE

Historic buildings, quaint parks, pre-automobile urban density and nostalgia for a once-thriving neighborhood are building blocks for repurposing and rebirth.

Detroit and Cincinnati, former powerhouses of industry and commerce, repurposed hundreds of buildings and sparked interest in long-moribund neighborhoods with patient, methodical public-private partnerships.

Other cities worked with local REALTOR® Associations that leveraged National Association of REALTORS® (NAR) grants and resources to focus on pedestrian safety, walkability, small businesses, transit-oriented development and other tools that improved quality of life and property values before things got really bad.

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