GREAT CITIES DO NOT HAPPEN OVERNIGHT
CREATING PLACE AND PROSPERITY REQUIRES PATIENCE
Eric Larson, head of the Downtown Detroit Partnership, said incentives are critical tools to demonstrate and support evolving communities and progressive development.
They
encourage development that otherwise would not be possible and keep vibrancy
throughout the community.
Some
properties have compounding issues or are a combination of historically
significant relevance and having a menu of financing options that can fit
multiple scenarios is critical in redevelopment.
The office
market is undergoing a massive change.
Providing
tools to repurpose office buildings provides an important opportunity to
reposition these properties.
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