This trip has provided a great opportunity to see how real estate development can be a force for good in the economic revitalization of a community. During this trip, we learned about the 4Ds of how property can exchange hands (i.e., death, debt, divorce, and distraction), and that when a city is pursuing new projects in its revitalization, it is better to pursue many smaller projects as opposed to investing in one large project. This mitigates overall risk and avoids mistakes such as deciding to install an IMAX Theater with the express purpose of economic development.
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