Reinventing Redevelopment Law

Real Estate Law Journal, Vol. 37, No. 234, 2008

19 Pages Posted: 16 Oct 2009  

John R. Nolon

Pace University School of Law

Jessica A. Bacher

Land Use Law Center

Date Written: 2008

Abstract

Demographic experts project that the American population will increase by more than one hundred million over the next forty years. These additional residents will create a tremendous demand for additional housing and nonresidential development. It is predicted that over seventy million new homes and one hundred billion square feet of nonresidential space will be necessary to accommodate this growth in population. Since many of the new households will comprise young singles and couples, aging empty nesters, and immigrants, a large percentage of these 100 million Americans will be oriented toward urban living. This contrasts with the demand created by population growth over the past half century, which contained a higher proportion of traditional families and resulted in new home construction that emphasized single-family units on individual plots of land. This previous demand for housing along with low interest mortgages and highway expansion combined to attract urban dwellers to the country and fuel urban sprawl, contributing to the deterioration of city neighborhoods and threatening the financial capacity of urban municipalities.

Suggested Citation

Nolon, John R. and Bacher, Jessica A., Reinventing Redevelopment Law (2008). Real Estate Law Journal, Vol. 37, No. 234, 2008. Available at SSRN: https://ssrn.com/abstract=1489614

John R. Nolon (Contact Author)

Pace University School of Law ( email )

78 North Broadway
White Plains, NY 10603
United States

Jessica A. Bacher

Land Use Law Center ( email )

78 North Broadway
White Plains, NY 10603
United States

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