Three research papers covering different aspects of urban redevelopment and revitalization have been added to the Resource Center best practices database.
This 2006 article on targeted community revitalization investments from the Summer 2006 issue of Bridges, the quarterly publication of the commnity affairs department of the Federal Reserve Bank of St. Louis, discusses market value analysis, explaining that, "Building 100 affordable homes in the middle of an area of distress and disinvestment may help only the 100 families who receive the homes. But those same 100, built in another location and bundled with other related activities, may help not only those 100 households, but the hundreds of residents around them." The Market Value Analysis (MVA), the article explains, identifies where and how to invest limited resources that can transform urban real estate markets into revitalized neighborhoods.
This 2009 report of Re-imagining a More Sustainable Cleveland starts from the premise that the loss of population over the last 60 years is not likely to be reversed in the near term and that Cleveland’s future ability to attract and retain residents depends in large part on how the city adapts to population decline and changing land use patterns.
Metropolitan business planning adapts the discipline of private-sector business planning to the task of revitalizing regional development. Such planning provides a framework through which regional business, civic, and government leaders can rigorously analyze the market position of their region; identify strategies by which to capitalize on their unique assets; specify catalytic products, policies, and interventions; and establish detailed operational and financial plans. These plans can then, in turn, be used to restructure federal, state, and philanthropic engagement in ways that invert the current top-down, highly siloed, and often ineffective approach to cities and metropolitan areas while bringing new efficiency to development activity.