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Urban Renewal Stakeholders - Coggle Diagram
Urban Renewal Stakeholders
Residents
Homeowners
Positive: Properties may be sold at a lower price
Negative: Limited adequate housing options
Changes? Create more revenue to neighborhoods, less housing discrimination
Classes (Lower, Middle, Upper)
Positive: (Depending on the class)
Negative: (Depending on the class)
Changes? (Depending on the class)
Those with subsidized housing
Positive: Availability of low-income housing
Negative: Rent/bills increase, housing opportunities less than ideal
Changes? Provide assistance to current owners/creating more living communities
Businesses
Construction Companies
Positive: More job opportunities for workers, projects available in area
Negative: Lack of employees, construction projects based off need rather than want
Changes? Urban development plans, positive economic development
Manufacturing Companies
Positive: Opportunities for work within community, opportunities to build
Negative: Loss of workers and customers due to poor living situautions
Changes? Urban development plans, more resources
Retailers
Positive: More business revenue
Negative: Lack of spending money in an area, lack of appeal
Changes? Availability of customers who have more purchasing money, cutting small business taxes
Politicians
Mayors
Positive: Don't have to deal with massive reelection campaigns, will run unopposed
Negative: On a larger scale decay reflects poorly on leadership
Changes? Rework and introduce programs to assist the residents of the area
Governors
Negative: High poverty rates and poor avg income reflects badly on the national stage
Positive: Supplys opportunities to campaign to fix the issues in urban decay
Changes? Programs to support the city on a state wide scale such as running highways nearby to stimulate business
Community Members
Taxpayers
Positive: Money may be put back in to community
Negative: May pay more to fix an area, tax money may be put to other uses, higher taxes
Changes? (Idealistically) Lower taxes, better use of tax money
Baby Boomers (Already living in area)
Positive: Low property prices
Negative: Not happy with change
Changes? Better housing, safer community
Newcomers to an area
Positive: Opportunities to buy land for cheap
Negative: Urban decay not appealing
Changes? Better living opportunities, more businesses, job opportunities, evidence of growth in community
