Economic Development and Redevelopment Strategy, Analysis and Negotiations
Local jurisdictions may be desirous of new development or redevelopment in market environments where sufficient financial returns are not achievable without some form of public agency involvement and/or assistance. This insufficiency is commonly referred to as the feasibility gap. These assignments usually focus on helping the public agency (either proactively or in response to a specific developer proposal) understand and quantify the gap, and formulate strategies and mechanisms for structuring a transaction that is mutually beneficial. Terry has directed many such analyses over the past 20 years, involving most major land uses.