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CASE STUDY - VILLAGE OF SILVERTON, OHIO
"The trouble with land is that they're not making it anymore." - Will Rogers
Land Readjustment refers to a physical redevelopment of property, where existing property owners are not displaced, but retain ownership in the future development in a new, more valuable physical format.
It can be a powerful urban development tool addressing a range of issues, from income inequality to environmental sustainability.
HOMEOWNERS SECURE:
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New home at no cost
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Permanent shareholders in ground lease
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Signing bonuses
INVESTORS GAIN:
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Assembled land
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"No-fee"ground lease agreement
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100% title on new commercial buildings
MUNIPALITIES RECIEVE:
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Added public revenue
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Comprehensive planning
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Stronger local economy
PHILANTHROPIC PARTNERS
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