THE BENEFITS AND TECHNIQUES TO MAKE IT HAPPEN
Cities need to update antiquated zoning regulations.
For instance, Tucson, Ariz., revitalized
its fading central corridors by creating adaptive-reuse-friendly zoning.
K.C. Conway, Real Estate Economist and Futurist and principal of Red Shoe Economics, said for decades, adaptive reuse meant turning an old, architecturally beautiful train station or skyscraper into mixed use or residential.
Or it meant trying to find a new use for a gigantic dead shopping mall. “Three thousand branch banks closed last year and 30,000 are for sale.
We have to look at those and what is a growing need — health clinics, remote work centers, things like that,” he said.
“These are great locations already zoned commercial.
Think small, think bite sized.
You can revitalize without having to
tackle a 30-story building or on the scale of an abandoned mall.”
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