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Economic Blight

What is 'Economic Blight'

The visible and physical decline of a property, neighborhood or city due to a combination of economic downturns, residents and businesses leaving the area, and the cost of maintaining the quality of older structures. These factors tend to feed on themselves, with each one contributing to an increase in the occurrence of the others.

Explaining 'Economic Blight'

Although many larger cities and rural manufacturing communities struggle with economic blight, the rapid rise of premium real estate prices over the last few decades led to renewed interest in these areas. Individual investors, as well as large developers, joined forces to successfully renovate and revitalize many areas struggling with economic blight, making a handsome profit along the way.


Further Reading


The effects of tax increment financing on economic development
www.sciencedirect.com [PDF]
… If, for example, competitive markets fail to exploit agglomeration economies, governmental policies might … The blight or redistributive motive should help the target area at a … of TIF would belong to overlying governments to finance municipal economic development expenditures …

Tax Increment Financing in Chicago: The Perplexing Relationship Between Blight, Race, and Property ValuesTax Increment Financing in Chicago: The Perplexing Relationship Between Blight, Race, and Property Values
journals.sagepub.com [PDF]
… If, for example, competitive markets fail to exploit agglomeration economies, governmental policies might … The blight or redistributive motive should help the target area at a … of TIF would belong to overlying governments to finance municipal economic development expenditures …

Regional economic impacts of Fusarium head blight in wheat and barleyRegional economic impacts of Fusarium head blight in wheat and barley
academic.oup.com [PDF]
… If, for example, competitive markets fail to exploit agglomeration economies, governmental policies might … The blight or redistributive motive should help the target area at a … of TIF would belong to overlying governments to finance municipal economic development expenditures …

The death and life of Tax Increment Financing (TIF)The death and life of Tax Increment Financing (TIF)
www.emerald.com [PDF]
… If, for example, competitive markets fail to exploit agglomeration economies, governmental policies might … The blight or redistributive motive should help the target area at a … of TIF would belong to overlying governments to finance municipal economic development expenditures …

Tax Increment Financing and Economic Development: Uses, Structures, and ImpactTax Increment Financing and Economic Development: Uses, Structures, and Impact
www.jstor.org [PDF]
… If, for example, competitive markets fail to exploit agglomeration economies, governmental policies might … The blight or redistributive motive should help the target area at a … of TIF would belong to overlying governments to finance municipal economic development expenditures …

Economic impacts of Fusarium head blight in wheat and barley: 1993-2001Economic impacts of Fusarium head blight in wheat and barley: 1993-2001
ageconsearch.umn.edu [PDF]
… If, for example, competitive markets fail to exploit agglomeration economies, governmental policies might … The blight or redistributive motive should help the target area at a … of TIF would belong to overlying governments to finance municipal economic development expenditures …

If you promise to build it, will they come? The interaction between local economic development policy and the real estate market: Evidence from tax increment finance …If you promise to build it, will they come? The interaction between local economic development policy and the real estate market: Evidence from tax increment finance …
onlinelibrary.wiley.com [PDF]
… If, for example, competitive markets fail to exploit agglomeration economies, governmental policies might … The blight or redistributive motive should help the target area at a … of TIF would belong to overlying governments to finance municipal economic development expenditures …

… Share Tech/The 'Sharing Economy'? Precarious Labor in Neoliberal Cities/Where Is Economic Development in the Platform City?/Shared Economy: WeWork or We …… Share Tech/The 'Sharing Economy'? Precarious Labor in Neoliberal Cities/Where Is Economic Development in the Platform City?/Shared Economy: WeWork or We …
www.tandfonline.com [PDF]
… If, for example, competitive markets fail to exploit agglomeration economies, governmental policies might … The blight or redistributive motive should help the target area at a … of TIF would belong to overlying governments to finance municipal economic development expenditures …

Economic impacts of Fusarium head blight in wheat and barley: 1998-2000Economic impacts of Fusarium head blight in wheat and barley: 1998-2000
ageconsearch.umn.edu [PDF]
… If, for example, competitive markets fail to exploit agglomeration economies, governmental policies might … The blight or redistributive motive should help the target area at a … of TIF would belong to overlying governments to finance municipal economic development expenditures …



Q&A About Economic Blight


How do individual investors profit from investing in areas struggling with economic blight?

Investors profit handsomely by renovating and revitalizing these areas.

How do individual investors revitalize areas struggling with economic blight?

Individual investors join forces with large developers to renovate and revitalize these areas.

What is urban decay?

Urban decay is the sociological process by which a previously functioning city, or part of a city, falls into disrepair and decrepitude.

Where has urban decay been most prevalent?

Urban decay has been most prevalent in Western cities such as New York City.

Where does economic blight occur?

Economic blight occurs in many larger cities and rural manufacturing communities.

What are some characteristics of an area suffering from urban decay?

An area suffering from urban decay may have abandoned buildings and infrastructure, high local unemployment, increased poverty, fragmented families, low overall living standards and quality of life.

What are some causes of urban decay?

Some causes include deindustrialization, depopulation, counterurbanization and economic restructuring.

What is economic blight?

The visible and physical decline of a property, neighborhood or city due to a combination of economic downturns, residents and businesses leaving the area, and the cost of maintaining the quality of older structures. These factors tend to feed on themselves, with each one contributing to an increase in the occurrence of the others.