Transforming problem properties into economic opportunity
23 Nov 2022
First impressions are important, and the face of your downtown has a huge impact on perceptions. If a district looks well cared for and active, people see it as vibrant and prosperous, encouraging customers to shop and businesses to invest.
But vacant and poorly maintained properties give the impression of an area in decline. Districts with multiple poorly-maintained or chronically vacant properties often experience broader negative economic impacts. These impacts can range from decreasing property values to reduced foot traffic, which hurt adjacent properties and businesses.