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Construction

Increasing Local Property Values

Many homeowners are concerned when an urban renewal project is announced, and their main worry is that their own property values will fall. Part of...

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Construction

The Business of Urban Renewal

When a company is interested in rebuilding any area of a city, local environmentalists and residents often express concerns about the impact it will have...

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Construction

Recreating Old Neighborhoods

Many areas of cities have fallen by the wayside as people moved to the suburbs and left behind the big cities as centers where a...

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Developing areas within a city has its own share of rewards for companies that specialize in building large projects, and urban renewal has become a way to revitalize old neighborhoods and encourage growth within city limits. Developers have found that cities are often strict when it comes to the type of project that can be built, and they have also begun tasking developers with environment concerns as well as economic factors. All of these things make urban renewal projects a more difficult challenge in the modern world.

For those who see blighted urban areas as a future site for growth and development, overcoming the many hurdles is important. Developers are often part of a large group of investors, and renewal will fill their coffers as well as give them prestige for other projects. Those who oppose these types of projects are often those who have their own interest in keeping an area the same.