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Develop This: Economic and Community Development

Mar 24, 2021

Should private, non-profit EDOs consider purchasing land or buildings as part of the organizational work plan?

In this episode, Jason explores the pros and cons of doing so.

3 Reasons NOT to Purchase Land

  1. It could go badly
  2. It may tick off private developers in your community
  3. The buyer will compete with other businesses in your market

3 Reasons to Consider Purchasing Land

  1. It locks in the price of land for deal-making
  2. You can be proactive in getting the land ready for sale
  3. Sometimes, we have to prime the pump