Gary Launches Land Sale Initiative to Spur Neighborhood Investment
What happened
The City of Gary initiated a new land sale program, GrowIN Gary, to return vacant and underused properties to productive use. This pilot program targets Downtown West/Holy Angels, Midtown-Froebel, and Midtown-Jackson. The city set a minimum starting price of 75 cents per square foot for properties offered through the initiative.
From chicagocrusader.com
Why it matters
The initiative aims to expand redevelopment opportunities and encourage private investment in neighborhoods that have experienced years of disinvestment. City officials stated the program provides pathways for developers and investors to participate in Gary’s growth.
From chicagocrusader.com
Who's involved
- Indiana University BloomingtonConducted a study utilizing housing trends from Lake County.
- Lake CountyCounty whose housing trends were utilized in a study by Indiana University Bloomington.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- TOLSpeculative
Toll Brothers might see increased regional housing demand supporting its core business.
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The entities involved
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Indiana University Bloomington
public research university located in Bloomington, Indiana, U.S. (flagship campus of the Indiana University system)
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Lake County
county in California, United States
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Harris
researcher