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To what extent can an adaptive reuse project in Springfield MA that…
To what extent can an adaptive reuse project in Springfield MA that provides subsidized commercial space, help create and sustain local businesses
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Background: Springfield MA has many abandoned buildings and. local businesses that rotate in and out frequently. Springfield is also a heavily impoverished city which makes opening your own business that much more of a risk
What is adaptive reuse? Adaptive reuse is the process of revitalizing unused and vacant buildings to breathe new life into them.
Adaptive reuse can be very successful, but it is a commitment to get started. It is reliant on a few assumptions such as builders pricing their adaptive reuse projects accordingly with the reduced price of building.
ISSUES
Adaptive reuse is still a risk for both business owners and developers, just less so than building new
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