Dave Jacobs, a director of Llenrock Group, a real estate advisory and investment banking firm based in Philadelphia, has just finished a review of NIMBY Wars: The Politics of Land Use, and we pass along his comments from Llenrock Blog:
To continue on this week’s political trend, I wanted to take a moment to share an extremely insightful book with all of you having to do with real estate, specifically, land use and zoning. Most developers are familiar with the acronym NIMBY, which refers to the phrase “Not In My Back Yard.” What many developers do not seem to realize, however, is that all ground up development is as much, if not more, an exercise in politics as it is an exercise in real estate. P. Michael Saint, Robert J. Flavell and Patrick F. Fox of the Saint Consulting Group in Boston have done a tremendous job not only of exploring the dichotomy between the two, but exploiting the process in favor of the developer.
Regardless of whether you want to develop an urban infill location, a brownfield, or an environmentalist-heavy rural sprawl, there are do’s and don’t’s during the approval process. Failing to follow certain procedures can kill your deal and make it exponentially harder to resurrect. Play the game the right way and you can win over even your most ardent opponents. Let’s take a look at some of the book’s finer points… Click here for full review
For information on NIMBY Wars, go to www.nimbywars.com