From: | Lenny Siegel <lsiegel@cpeo.org> |
Date: | Thu, 30 Dec 2010 11:46:22 -0800 (PST) |
Reply: | cpeo-brownfields |
Subject: | [CPEO-BIF] "Redfields to Greenfields" |
Turning Failed Commercial Properties Into ParksTurning foreclosed commercial properties into park networks could put people to work, raise real estate values and promote wise redevelopment. By Jonathan Lerner Miller-McCune December 28, 2010In the language of urbanism, "greenfields" usually means rural land at the metropolitan edge, where suburbia metastasizes. "Brownfields" are former industrial sites that could be redeveloped once they are cleaned of pollution. "Greyfields" - picture vast empty parking lots - refer to moribund shopping centers. Recently another such locution was coined: "redfields," as in red ink, for underperforming, underwater and foreclosed commercial real estate. Redfields describe a financial condition, not a development type. So brownfields and greyfields are often redfields, as are other distressed, outmoded or undesirable built places: failed office and apartment complexes, vacant retail strips and big-box stores, newly platted subdivisions that died aborning in the crash. Now comes "Redfields to Greenfields," a promising initiative aimed at reducing the huge supply of stricken commercial properties while simultaneously revitalizing the areas around them. ... For the entire article, see http://www.miller-mccune.com/business-economics/turning-failed-commercial-properties-into-parks-26410/ -- Lenny Siegel Executive Director, Center for Public Environmental Oversight a project of the Pacific Studies Center 278-A Hope St., Mountain View, CA 94041 Voice: 650/961-8918 or 650/969-1545 Fax: 650/961-8918 <lsiegel@cpeo.org> http://www.cpeo.org _______________________________________________ Brownfields mailing list Brownfields@lists.cpeo.org http://lists.cpeo.org/listinfo.cgi/brownfields-cpeo.org | |
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