Razing buildings raises redevelopment hope
For urban areas plagued by unsafe or abandoned buildings that drain property values and scar the landscape, the best way to spur development often involves a wrecking ball.
Hammond, Whiting, East Chicago and Gary—landlocked except for the lakefront—can’t build out by scooping up underdeveloped or unincorporated pieces of land on their borders, so they demolish sagging homes and outdated factories in the name of development.
“It’s a very important tool and it’s true redevelopment,” Whiting Mayor Joe Strahula said. “It’s very expensive, but you have to utilize a program like that or else, a small city like Whiting that’s landlocked, development doesn’t happen.”
Read the rest of this entry »
Comment Here »Filed in BusINess Story of the Week, Business














