GOPC Releases Guidebook for Redeveloping Commercial Vacant Properties

 
Greater Ohio Policy Center releases its latest publication, Redeveloping Commercial Vacant Properties in Legacy Cities: A Guidebook to Linking Property Reuse and Economic Revitalization, which is the first of its kind to offer a comprehensive set of tools and strategies for redeveloping commercial vacant properties and business districts in legacy cities.

 Designed as a “How To” manual for local leaders, the guidebook identifies practices and policies that leverage the link between available commercial properties and needed economic re-growth strategies in legacy cities. Greater Ohio Policy Center developed the guidebook in partnership with the German Marshall Fund of the United States and with support from the Center for Community Progress.
 
The tools and strategies provided can be used by local leaders and practitioners no matter where they are in the process of commercial property redevelopment, from data gathering and planning to real estate acquisition and redevelopment, and from tenant attraction and support to business district management.

The guidebook includes the following tools:

  • Guidance on planning & partnering for commercial revitalization
  • Methods for analyzing the market
  • Advice on matching market types & strategies for commercial revitalization
  • Legal tools for reclaiming commercial vacant properties
  • Funding sources for overcoming financial gaps
  • Menu of property reuse options
  • Ways to attract & retain business tenants
  • Methods and models for managing a commercial district
  • Strategies for building markets in legacy cities

While the tools, strategies, and policy recommendations within the guidebook are particularly relevant for legacy cities and their communities, they are also applicable to all cities and regions that seek to reuse commercial vacant properties with the purpose of enhancing community stability and economic development.
 
Click here for more information and to download the guidebook.
 
 
About Greater Ohio Policy Center
 
Greater Ohio Policy Center (GOPC), a non-profit, non-partisan organization based in Columbus and operating statewide, develops and advances policies and practices that value our urban cores and metropolitan regions as economic drivers and preserve Ohio’s open space and farmland. Through education, research, and outreach, GOPC strives to create a political and policy climate receptive to new economic and governmental structures that advance sustainable development and economic growth.
 
About the German Marshall Fund of the United States
 
The German Marshall Fund of the United States (GMF) strengthens transatlantic cooperation on regional, national, and global challenges and opportunities in the spirit of the Marshall Plan. GMF does this by supporting individuals and institutions working in the transatlantic sphere, by convening leaders and members of the policy and business communities, by contributing research and analysis on transatlantic topics, and by providing exchange opportunities to foster renewed commitment to the transatlantic relationship.
 
About the Center for Community Progress
 
Founded in 2010, the Center for Community Progress is the only national 501(c)3 nonprofit organization solely dedicated to building a future in which entrenched, systemic blight no longer exists in American communities. As a national leader on solutions for blight and vacancy, Community Progress serves as the leading resource for local, state and federal policies and best practices that address the full cycle of property revitalization, from blight prevention, through the acquisition and maintenance of problem properties, to their productive reuse.