Tuesdays at APA: The Role of Planning in Stabalizing Distressed Properties

The Role of Planning in Stabilizing Distressed Properties
August 30, 2011


Many communities have a glut of entitled but unfinished
development projects. Depending on the context and scale of the
problem, traditional stabilization tools such as code enforcement
may prove inadequate or ineffective. In some cases, the best
solution for the community may involve relaxing certain
regulatory requirements or renegotiating the terms of development
agreements.


Daniel Shapiro from Robbins, Salomon & Patt and Jessica
Schramm from Thompson Coburn discussed a wide range of strategies
planners can use to stabilize and reposition distressed
properties. Specific strategies covered will include reviewing
agreements recorded against property, negotiating development
fees, and re-entitling property. They also addressed how planners
can assist when development deals turn sour.