July 1, 2008 Commercial Property News
Though a new mall down the road would create jobs and revenue, the NIMBY movement remains strong. Communities are still reluctant to roll out the red carpet for real estate projects targeting their neighborhoods, despite the potential economic rewards.
According to the national Saint Index Snapshot poll, only 29 percent of Americans support new development in the disagreeable economic climate. And 75 percent of U.S. residents object to loosening land-use regulations.