Great article about our core goals here at Weyland Ventures.
Why isn’t there more rental housing available? Why aren’t more employers relocating into those large office building vacancies? Why no retail? Why so many surface parking lots? Why so many long stretches of urban blocks devoted to tattoo parlors, wig shops, pawn shops or, often, nothing much at all?
And why don’t we have a light rail system delivering hordes of suburbanites to their downtown jobs, to the Yum! Center, to Slugger Field, Thunder Over Louisville, the Kentucky Center for the Arts, and all those terrific downtown restaurants and bars?
The obvious answer is that all development requires capital, which means developers must either invest or borrow. And money flows slowly and only to where there’s a history that promises a good chance of return.