The Cycle of Development, Optimal Redevelopment, Redevelopment Goals and Benefits, and Barriers to Redevelopment

Before I review the foundations of real estate development finance and the role of public-private partnerships in redeveloping the United States, I need to show where P3s fit in the development/redevelopment cycle. I start by describing the cycle of urban development and what I call "efficient redevelopment." This is followed by a review of impediments to efficient development, and I conclude with the role of P3s to facilitate efficient redevelopment.