The art of the $1 building deal: Gambling on incentives

The art of the $1 building deal: Gambling on incentives

The following is an excerpt:

For those that know it best, downtown development is far more an art than a science. Often, it takes little brush strokes along a corridor and the right accents spanning sidewalks and cityscapes for a vibrant picture to come into form. Sometimes, though, it can feel like watching paint dry.

In Battle Creek, the city has long sought to revitalize its downtown, a journey officials agree starts by filling up its vacant buildings. But local development history shows that can be a tall task if not for the right developers, the right moment and, most importantly, the right price tag.

Read the full story: The art of $1 building deal: Gambling on incentives.

 

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