The Heart of the Problem

The heart of the problem is this: 'Downtown revitalization is essentially a real estate exercise: to make a downtown 'succeed' economically, there needs to be enough sales activity taking place there to generate sales levels high enough for the businesses to afford the rent levels that property owners need to rehabilitate and maintain their buildings.

 

Kaddatz Artists Lofts, Fergus Falls, MN developed by "Artspace!"

Sales --> Rents --> Maintenance and Rehabilitation' (Kennedy Lawson Smith) How do we do this is the question. Historic Preservation for housing is one way, a proven way, a green way, and one that may just 'salvage' downtown.

Encouraging the growth and activities of the Fine Arts is another proven method.  Watch this space for news of the upcoming "Artspace" 2-Day Visit to Crookston!  America's Leading Nonprofit Real Estate Developer for the Arts / Artspace's Mission is to create, foster, and preserve affordable space for artists + arts orgs!

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