How to finance downtown redevelopment activities can be problematic for city planners since the viability of .a plan to make improvements often rests with the willingness of merchants to pay for them. this article describes and illustrates two methodologies that are particularly well suited for such assessment purposes. The first is the contingent valuation survey methodology that elicits stakeholders' improvement priorities and their willingness to contribute towards those improvements. The second is the design charrette process that embellishes upon such survey results and invites further consensus building. Since the initial stage of a redevelopment project is at best speculative, these methods are useful tools for planners since they can be performed quickly with minimum costs and allow all stakeholders a say in the planning process.
Crotts, John C. and McNitt, Larry L.
"Funding Public Streetscape Improvements in a Heritage City: A Willingness to Pay Survey,"
Visions in Leisure and Business: Vol. 16
, Article 2.
Available at: https://scholarworks.bgsu.edu/visions/vol16/iss3/2