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Even if you have to tear down and rebuild, rezoning and conversion here seems much more politically achievable than up-zoning existing residential areas. On the
by majormajor 5y ago
Even if you have to tear down and rebuild, rezoning and conversion here seems much more politically achievable than up-zoning existing residential areas. On the one hand, you have to fight current residents who would be displaced, as well as their neighbors who don't like change. On the other hand, you have the ability to make the land valuable still by repurposing it for residential instead of having an empty wasted tower.
- failwhaleshark 5y agoI guess it's an opportunity cost calculation of convert vs. rebuild. Some affluent areas where the inventory of fancy lofts is low would likely support it, while lower-income areas it would be best to demo and build a giant tower of micro apartments.