Shirlington Library and its adjoining plaza in Arlington, Virginia, after the area's successful redevelopment. Photo by Tony Webster, used under Creative Commons licensing.
Real estate is changing rapidly: within a generation, most nonresidential properties will either be redeveloped or abandoned. And that has the potential to be good news: successful redevelopment can lead to job creation, higher investment return, and increased stability in tax bases. But redevelopment takes money. In Foundations of Real Estate Development Financing: A Guide to Public-Private Partnerships, real estate analyst Arthur C. Nelson offers a guide to building private-partnerships that can make redevelopment a reality.