Best Practice

Consider Using Existing Assets

Local governments can encourage developers to consider using existing assets such as public buildings, public lands, unfinished development projects, and brownfields, as well as excess land from schools, hospitals, universities, and other public institutions. These can drastically lower project costs and increase speed of development.

Cost

$ to $$$$ (especially for historic rehab)

Timeframe

This approach can create opportunities for faster development, but it also should be adopted as a long-term perspective.

Code

Collaboration / Partnerships, Government, New Development, Redevelopment

Challenge

New Development

Practice Tool

Planning / Organizing

Population

Developers, New Residents

Setting

Urban and Rural