(This article was
originally written for http://www.spirepoint.ca/blog/)
As people who have followed my career will already know, I like
real estate projects that not only create private value but pay public
dividends as well. Developers realize that municipalities and community groups
are going to demand additions to the public room and public benefits before
approving real estate projects these days. It’s not unique to real estate
though—nations have been known to leverage public property like radio spectrum
in return for, say, greater Canadian content—but it’s more regularized, in
fact, built-in to the process of real estate approvals.
But what if providing public benefits could also boost private returns.
That would be useful, right?
To read more, please
Bruce M Firestone, B Eng
(Civil), M Eng-Sci, PhD, Century 21 Explorer Realty broker, Ottawa Senators
founder, 613.422.6757 x 250 email@example.com text: 6137628884
@profbruce @quamtum_entity www.brucemfirestone.com
Posted in Business Methods, Cap Rate, Capitalism, City Building, Creativity, Design Economics,Differentiated Value, Finance, Future Vision, Investing, Political Economy, Real Estate, Urban Design,Urban Economics, Value Proposition
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