Ben Beckman's blog

Urban Residential Land Redevelopment: Catalyst or Tag-along?

Submitted by Ben Beckman on Sat, 01/15/2005 - 22:43.

Does residential real estate development play a significant role in economic development? In effect, my question is whether real estate development can serve as a catalyst for the transformation of citzens' economic condition or whether it is merely a lagging indicator of other successful economic development activity such as job creation. Can a builder/developer be a source of added economic vitality to the community, or must the community's value be raised by other means before his/her activities can be supported?