Real Estate Development: Training Manual
Real Estate Development: Training Manual
The following real estate development and reuse manual deals with commercial, industrial, and special purpose facilities such as museums, stadiums or arenas. Only limited coverage is provided of issues affecting housing development, since housing is peripheral to the job creation and retention focus of economic development. The intent of this manual is to provide an overview of the basic elements of real estate development for economic development projects. Consequently, the emphasis is placed on the roles and responsibilities of economic development organizations in the development process rather then dealing with all of the possible nuances of the development process itself.

This manual will address project feasibility, financing, development tools, and public benefits, as well as policy issues. The objective of this manual is to provide economic development practitioners with the following knowledge base and skills:

- Understanding of the development process;
- A familiarity with the policies and programs that state, local, and public-private economic development organizations and agencies can use to encourage and help finance development;
- An understanding of how to analyze cash flow and income statements, and how to assess project feasibility;
- Knowledge of site analysis and land assembly;
- A familiarity with current environmental rules and regulations;
- An understanding of regulatory constraints and incentives; and,
- An understanding of the process to solicit and select a developer.
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