Social and Behavioral Sciences Commons^™

Redevelopment, Property Values And The Neighborhood Life Cycle: An Impact Analysis Of Downtown Lexington Redevelopment, Brett Anthony Rudy

MPA/MPP/MPFM Capstone Projects

Over the past century, downtown regions have seen a great deal of transition, from powerhouse city centers to dilapidated slums. Downtown can be the hub of a city’s entire economic and cultural life, but it can also be the stigma of a city’s problems. It is easily one of the most dynamic regions of a city. But why do these regions fail? I contend there are forces at work, which lead to the failure of a downtown region, but there are also equal, if not more powerful forces that can lead a bring a city center back from the brink. …

An Impact Study Of Local Historic District Overlays On Property Values In Fayette County, Ky, Suzann Vogel

MPA/MPP/MPFM Capstone Projects

Beginning with Fayette County’s first historic district in 1958, the process of assigning historic zoning status to qualifying neighborhoods was seen as a viable option for preserving local built cultural resources. More than a communicative symbol, H-1 districting limits dramatic exterior changes and the demolition of structures certified as contributing to the unique character of Lexington, KY. Guided by the Lexington-Fayette Urban County Government’s Division of Historic Preservation and Board of Architectural Review, the program currently encompasses 1,851 buildings over 14 districts.

In order to carry out the goal of preservation, historic districting in Lexington is applied in a blanketing …

Development Forecast: The Fiscal Effects On Property Taxes And Occupational License Fees And The Social Costs And Benefits Of Urban Redevelopment In Lexington-Fayette County, Kentucky, Tony J. Stoeppel

MPA/MPP/MPFM Capstone Projects

Real estate development has effects on the publicly recorded property valuation of a parcel. The extent of the relationship in Lexington-Fayette County demands further analysis. Redevelopment also has unintended social costs the public may be forced to bear. This study presents estimates of the fiscal impact a redevelopment project has on the local tax revenues. The study population used for analysis includes redevelopment projects completed within the last six years in the downtown Lexington area. The research attempts to formalize a relationship among the incremental change in the publicly recorded value, the cost of redevelopment, and the distance the project …