The president of AC client RIDC writes about how to encourage real estate development activities post-COVID-19 in an article for Pittsburgh Business Times:
As the COVID-19 pandemic continues, and a lengthy recession looks like a strong possibility, real estate development is going to grind to a halt. We can begin creating the conditions that will facilitate its re-emergence now, but it will require government and developers to work together.
Nothing local governments do today is going to counteract a global recession, but they can use this time to implement technology upgrades and create new human processes, so that when market forces turn positive, there are fewer impediments to a robust response from the private sector.
Streamlining the current building permitting process is a crucial first step to encouraging development activities post-COVID-19.