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Full-Text Articles in Economic Policy
Business Improvement Districts: Should Lexington Establish One?, Melissa A. Hagan
Business Improvement Districts: Should Lexington Establish One?, Melissa A. Hagan
MPA/MPP/MPFM Capstone Projects
Downtown districts are falling victim to surges of new development increasingly taking place outside the city as people seek to escape fast‐paced city life for a more peaceful life in the suburbs. As people move to the suburbs, they either take the businesses with them or the businesses fail to maintain profitability in empty downtowns. Downtown Lexington has been no exception. The recent developments of Hamburg Place and, more recent the developments around Fayette Mall have attracted even more business owners away from downtown.
A new implementation approach for revitalization is gaining momentum, as downtowns are introducing policies that enable …