American Planning Association

Tuesdays at APA: A Template for Redeveloping Chicago's Neighborhoods

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Synopsis

A Template for Redeveloping Chicago's Neighborhoods January 25, 2011 According to Bruce Frankel, a Professor of Urban Planning at Ball State, neighborhood reinvestment depends on distinct strategies based on neighborhood conditions, both assets and liabilities. In essence, a redeveloper must select the neighborhood for the strategy, and vice-versa. Frankel and his students explained this strategy/conditions matrix and explored how these strategic plans become financially underwritten and structured to be financially sustainable. To illustrate the model in action, Frankel and his students presented a strategy for the Bronzeville neighborhood in Chicago.