To understand how the role of real estate is changing, it is also important to understand how local government is changing. Local governments are no longer just responsible for essential services, public works and parks. Reality demands communities become intimately involved in economic development in order to diversify their assessed value, provide jobs for residents, educate the workforce and enhance the “quality of place” for their residents. One local mayor recently estimated that he spends more than 60% of his time negotiating real estate development deals in his community. This is becoming normal for growing communities in Indiana. So, what is the role of real estate in local government? Real estate is beginning to take on many roles as communities change their approach to real estate. Instead of just providing services or generating income, real estate now plays a key role in public/private partnerships, workforce development, elimination of blight, and true quality of life. Local officials are beginning to understand how they can affect change within their community by controlling certain parcels of land. If they control the property, through ownership, option or otherwise, they can better control what happens with the property.
Speakers: Tim Jensen, PE, LEED AP and Marlon Webb, MPA, EDFP, Veridus Group, Inc.
Fee: Members ($20) Nonmembers ($40)