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Beyond the Façade: layering downtown spillover investment
Community Development Pub Date : 2020-11-01 , DOI: 10.1080/15575330.2020.1837195
Huston Gibson 1 , Micky Zurcher 2 , Tash Wisemiller 3
Affiliation  

ABSTRACT

In a time when funding for small communities is limited, an analysis of investment strategy is critical. Façade improvement grant programs are thought to spur spillover of both direct and indirect investment in downtown districts by leveraging built capital and harnessing a sense of place. Through case study, with interviews and observational analysis, we empirically analyze this phenomenon in three U.S. communities in the state of Montana; Helena, Kalispell, and Anaconda. Findings show that direct public-private investment through downtown façade grants, administered by downtown-focused organizations in accordance with long-range plans and visions, leverages positive indirect spin-off via supplementary privately initiated renovations and building maintenance. This implies that strategic downtown investment through façade grants generates a multiplier effect, creating layers of return on investment.



中文翻译:

超越立面:分层市中心溢出投资

摘要

在小社区资金有限的时代,对投资策略的分析至关重要。外墙改善拨款计划被认为通过利用建成资本和利用地方感来刺激对市中心地区的直接和间接投资的溢出效应。通过案例研究、访谈和观察分析,我们对蒙大拿州的三个美国社区的这一现象进行了实证分析;海伦娜、卡利斯佩尔和蟒蛇。调查结果表明,通过市中心立面拨款的直接公私投资,由专注于市中心的组织根据长期计划和愿景进行管理,通过补充性私人发起的翻新和建筑维护利用积极的间接分拆。

更新日期:2020-11-01
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