Impacting the bottom line

Right-sizing. It’s a term used in the business world to describe a firm restructuring its economic model, physical infrastructure, and work architecture. It is a commitment to not allow for stagnation, decline, or distress to be normalized and instead embrace a new vision for growth and prosperity.

Over time, neighborhoods and cities grow, peak, stagnate and decline for various reasons. Places once vibrant can easily find themselves no longer attracting the highest and best use of land. Decline, however, is not inevitable unless you choose to accept this fate versus envisioning a preferred and viable future.

Choosing to clarify your place development strategy will allow you to envision and integrate return on investment and the building of a magnetic destination anywhere. Place Development utilizes a mapping, analytics, and design that allows you to create an overarching value proposition, shared value, and alignment necessary for thriving, healthy, and sustainable places to learn, do business, live within.

Your playbook and blueprint leverages your assets and strengths that make your place attractive for people, resources, and capital investment to join. This value becomes an offering that attracts others within and outside the community to invest and grow. Utilizing the place development approach helps you reframe your value proposition and create a magnetic destination for learning, commerce, housing, and healthy living. And that will impact the bottom line.