Business Case Studies & Business Publications

Filling a Hole: The Reinvestment Fund an...

Fairchild, Gregory...

Case

Filling a Hole: The Reinvestment Fund and Progress Plaza

Fairchild, Gregory B.; Smith, Robert N.

ENT-0110 | Published April 20, 2008 | 23 pages Case

Collection: Darden School of Business

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In underserved urban areas, commercial real estate development finance must often factor in government and local policy, community politics, environmental revitalization, ethnic markets, and mixed-use commercial development. In this case, the Reinvestment Fund and the Pennsylvania Fresh Food Financing Initiative join forces to provide access to quality groceries, something often lacking in urban areas. But redeveloping the Progress Plaza location where the new supermarket would be located did not come without headaches.

To acquaint students with the fundamentals of commercial real estate development finance. The case is set in an area targeted for urban redevelopment, and allows students to explore how an interacting set of forces influence financial decisions for development lenders: government and local policy, community politics, environmental revitalization, ethnic markets, and mixed-use commercial development.