Social and Behavioral Sciences Commons^™

“We Just Need The Developer To Develop”: Entrepreneurialism, Financialization And Urban Redevelopment In Lexington, Kentucky, Kevin Ward, Andrew Wood

Geography Faculty Publications

Since the 1980s US city governments have increased their use of more speculative means of financing economic redevelopment. This has involved experimenting with a variety of financial and taxation instruments as a way of growing their economies and redeveloping their built environments. This very general tendency, of course, masks how some cities have done well through the use of these instruments while others have not. The work to date has tended to pivot around a “winner-loser dichotomy”, which emphasises either the capacity of US cities to be able to experiment and speculate through the use of one financial instrument or …

The Economic Impacts Of Land Use Policies In Lexington, Kentucky, Christopher R. Bollinger, William H. Hoyt, Michael W. Clark, Xiaozhou Ding

CBER Research Report

Every five years, Lexington-Fayette Urban County Government’s Planning Commission adopts a comprehensive plan detailing goals and objectives that guide the city’s land use planning. Maintaining the city’s urban service area and preserving its rural and agricultural areas are integral parts of this plan. Within the urban service area, land is zoned to permit various types of urban uses such as residential, commercial, and industrial use. Land outside the urban service area is subject to several land use policies designed to preserve the rural characteristics of these areas. This report examines the effects of Lexington’s land use policies and specifically its …

Housing Affordability In Lexington, Kentucky, Christopher Jepsen, Kenneth R. Troske, Nola Ogunro

CBER Research Report

Excerpt from the executive summary:

The rapid rise in housing prices that occurred between 1990 and 2006 led many communities, including Lexington, Kentucky, to become concerned about whether individuals who hold “typical” jobs—such as teachers and police officers—could continue to live in the communities where they worked. Unfortunately, given the lack of recent detailed studies examining the affordability of housing in Fayette County (which contains Lexington), it is hard to know whether concerns about affordable housing are justified. In response to this lack of information, the Home Builders Association of Lexington and the Lexington-Bluegrass Association of Realtors (LBAR) requested that …

Fiscal Policy And Property Values, William Hoyt, John Garen

CBER Research Report

Excerpt from the executive summary:

The purpose of this study is to inform on the current state of knowledge of the economics profession of the impacts of state and local taxes on property values. Our goal is also to suggest how to interpret some of the findings of this literature as well as to provide some conceptual background to assist in interpreting these findings.

Fiscal Policy And Local Economic Development, William Hoyt, John Garen

CBER Research Report

No abstract provided.