Too Good to be True? The Opportunity and Cost of the $1 Building

LEARNING AREA: Economic Development, Real Estate Development

Too Good to be True? The Opportunity and Cost of the $1 Building

Author:

Technical Development Corp, Kresge Foundation Arts & Culture

Year:

2015

Description:

Report explores outcomes of acquiring "Dollar buildings," buildings obtained at a cost much lower than market rate for arts & culture organizations. The study finds that often actual costs are much higher than anticipated by organizations.

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Too Good to be True? The Opportunity and Cost of the $1 Building