Urban Renewal Is Hot in Louisville
June 17th, 2007 by Tre Pryor, Editor-in-ChiefAs I posted last week, true urban renewal is generally done for the greater good of the surrounding area. However, it can also be successful financially, at least if it’s done correctly. Here’s another CJ article highlighting the benefits of the concept. A commenter suggests they are referring to the Liberty Green project, where homes start at $180,000.
While I don’t agree with much of what the authors suggest, I will say that if the project offers the proper incentives for the end users, in this case the homeowners, reworking old property into new can be done quite successfully. Why? It’s the answer to, “What are the three most important attributes of real estate?” Location, location and location.