Published:
Book Summary:

All too often, communities paralyze themselves because they do not believe that they have the resources to initiate change—and therefore they do not even try. The case studies in Reaching for the Future: Creative Finance for Smaller Communities illustrate how communities have used and combined various sources of public funds to facilitate dramatic change.This publication focuses on six communities. Some are built on historic traditions, others are built on natural location, and others are newly built. Two neighborhoods are recovering from severe blight and disinvestment, two are suburban developments that have created a sense of place, and two are small cities that were watching their downtowns fail. In each case, to succeed required a strategic vision, leadership, and creative financing. The leadership rose in different ways but came together in effective public/private partnerships. In each case, the conversation started with “what do we want to be” rather than “how do we pay for it.” In each case, the communities, each with a struggling economy, figured out how to finance their dreams.The Financing Transformational Projects section identifies the most common public programs and how they might be used. It also addresses the use of public financing to catalyze private investment in public/private partnerships, and projects the strengths and weaknesses of those partnerships.Finally, a checklist offers leaders, both public and private, an opportunity to analyze whether they are ready to move forward.

Book Summary: All too often, communities paralyze themselves because they do not believe that they have the resources to initiate change—and therefore they do not even try. The case studies in Reaching for the Future: Creative Finance for Smaller Communities illustrate how communities have used and combined various sources of public funds to facilitate dramatic change.This publication focuses on six communities. Some are built on historic traditions, others are built on natural location, and others are newly built. Two neighborhoods are recovering from severe blight and disinvestment, two are suburban developments that have created a sense of place, and two are small cities that were watching their downtowns fail. In each case, to succeed required a strategic vision, leadership, and creative financing. The leadership rose in different ways but came together in effective public/private partnerships. In each case, the conversation started with “what do we want to be” rather than “how do we pay for it.” In each case, the communities, each with a struggling economy, figured out how to finance their dreams.The Financing Transformational Projects section identifies the most common public programs and how they might be used. It also addresses the use of public financing to catalyze private investment in public/private partnerships, and projects the strengths and weaknesses of those partnerships.Finally, a checklist offers leaders, both public and private, an opportunity to analyze whether they are ready to move forward.

DETAILS
Format: Paperback
Pages: 52
ISBN: 9780874203769
RELATED
Webinar

ULI Europe: Changing Rooms: The Impact of COVID-19 on New Living Concepts

The core principles of new housing concepts - to live in close proximity and share amenities - have been called into question as we tackle the pandemic. We hear from our experts on how formats will adapt, and what the prospects are for continued capi...
Webinar

Airport Development Council in Formation: Supporting the Recovery

This second ULI Airport Development Council Concept Webinar focuses on Dallas-Fort Worth DFW International Airport and other Airport examples, exploring “Airports’ Key Roles as Multi-Modal Logistic Hubs in Supporting the Recovery”.
Webinar

ULI Dallas-Fort Worth: Whats New Whats NEXT Series: Public-Private Partnership Council

A discussion on how incentives, special districts, PIDs, TIRZs, and other public/private partnerships can help cities attract development, and help developers obtain lower cost capital or get reimbursed for project development expenses.
Topics

Featured Content Pillars

  • Housing and Communites
  • Real Estate Finance and Investment
  • Sustainability and Economic Performance
  • Innovation in Development Practice
  • Shaping Successful Cities and Regions