SW 495 Chapter Notes - Chapter 7: Great Barrington, Massachusetts, Single Room Occupancy, Flophouse
Document Summary
Homeless population is concentrated in the southern half of the central business district (dcbd: because most of the shelters and service providers are there. Dcbd property valuation comparison: north vs. south: the northern half is dominated by relatively new high-rise office buildings, the southern half is dominated by older low-rise structures and vacant land. Some redevelopment, but the growth is extremely slow: comparative property valuations. Property valuation is higher in the north than in the south. Planning and urban renewal efforts have not been very successful in the south. Development is much denser in the north: tax revenue losses from lagging development in southern dcbd. Three major consequences for properties and owners in the south: There is less justification for encouraging new development in vacant land areas. Lower market performance of southern-sector properties inhibits property owners" interest in investing in significant renovation of older properties.
