News
Upside of the Down Economy
July 12, 2010
| There's good news coming out of cash-strapped municipalities, says BSC Group's Russell Burke. Some communities famously gun shy about new development (you know who you are) now look at dwindling resources and see the upside of new construction: bolstering the tax base and promoting economic development. |
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| We snapped this of Russell with Aegean Capital's Peter Tilden and NAI Hunneman?s David Gilke at a recent NAIOP event. BSC recently completed a study that identified 50 potential CRE development sites of at least 50k SF in five towns around the Route 3 Corridor. It also assessed infrastructure upgrades that would be needed to support the growth. |
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| David and colleague Mary Ellen Radovanic in their Worcester office reviewing a plan they're preparing for Gardner Urban Renewal. Like many cities, Gardner was once a place where people lived within walking distance from work, shopping, religious, community and cultural activities—the original smart growth. But the downtown deteriorated as businesses migrated to outlying shopping centers and office parks. David says BSC is strategizing how to revitalize the center and bring it into the 21st century. He and Mary Ellen are also working with the City of Taunton to expand the Miles Standish Industrial Park, the largest in southeast Mass. |
