Tuesdays at APA: The Role of Planning in Stabalizing Distressed Properties

The Role of Planning in Stabilizing Distressed Properties August 30, 2011 Many communities have a glut of entitled but unfinished development projects. Depending on the context and scale of the problem, traditional stabilization tools such as code enforcement may prove inadequate or ineffective. In some cases, the best solution for the community may involve relaxing certain regulatory requirements or renegotiating the terms of development agreements. Daniel Shapiro from Robbins, Salomon & Patt and Jessica Schramm from Thompson Coburn discussed a wide range of strategies planners can use to stabilize and reposition distressed properties. Specific strategies covered will include reviewing agreements recorded against property, negotiating development fees, and re-entitling property. They also addressed how planners can assist when development deals turn sour.