Mary Jane Kuffner Hirt

Renaissance and Reality: Redevelopment of the Homestead Works Site

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  • Andrey Stolyarovhas quoted7 years ago
    nomic Development: Cases in Decision Making, James M. Banovetz, Ed. (ICMA, 2004).

    9 Renaissance and reality: Redevelopment of the Homestead Works site
    Mary Jane Kuffner Hirt
    Editor’s introduction
    This case, saved for last, poses the ultimate questions that must be asked of any proposed economic development (ED) project: Will the revenues from the proposed project exceed the costs? Will the benefits from the project be greater than what must be invested in, or forgone because of, the project? Only if positive answers—based on solid, empirical evidence—can be given to both questions can any ED project be justified.
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