Community Development Investment Review

December 2014
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Financing Creative Places

Author(s):

Capital-intensive projects in the traditional community development arena, or in the emerging field of creative placemaking, are labor intensive and time consuming when compared with traditional real estate transactions. Organizing the political will, gaining community support, and assembling often layered financing can easily take three- to five-years to complete. Intentionally directing a flow of commercial capital for creative placemaking will require a sustained commitment to fostering a network of resources that allow for a capital-ready environment.

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