PPA 604 Week 3 DQ 1
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Land Assemblage Problem How does building on undeveloped land differ from building on developed land from an economic standpoint? Discuss the land assemblage problem as it relates to urban renewal. List and discuss possible contradictions between the goals of urban renewal and related outcomes. Respond to at least two of your classmates postings.
ANSWER 1 Undeveloped land holds out an opportunity for central cities when it is seen as a competitive asset in the implementation of economic development strategies (Pagano & Bowman 2000). Vacant land development can generate new economic activity, increase tax revenue, improve transportation and physical amenities, and increase safety.
Undeveloped land and abandoned structures from developed land impose both economic and social...