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I'm looking for the examples about newly developed land which sit idle. Could you give me some examples?

For example, In the wikipedia's explanation about industrial park, there is the following sentence
"During the 1970s to 1990s, there was a glut of industrial park development in the United States, resulting today in vast areas of industrial parks that sit idle and unsuited to other uses".

Would you name one or two?

2007-12-15 00:10:55 · 1 answers · asked by Anonymous in Social Science Economics

1 answers

One set of examples are military bases that have been closed. Many are still not being used while others are being used far below capacity.

Here is a article about a "successful" re-use effort, but note that even 7 years after the closing of the base, it is still mostly unused.
http://www.expansionmanagement.com/smo/articleviewer/default.asp?cmd=articledetail&articleid=17706&st=5

George Air Force Base was closed 15 years ago and this article notes that there are "plans to start construction" this year.
http://www.expansionmanagement.com/smo/articleviewer/default.asp?cmd=articledetail&articleid=18461&st=5


As for other places, here is an article that notes vacancy rates of over 10% in parts of Memphis:
http://www.businesstn.com/pub/2_2/features/7683-1.html

And a glut in Cleveland:
http://findarticles.com/p/articles/mi_hb5250/is_200007/ai_n20093316

The feelings of a glut were widespread, as this FDIC report indicates:
http://www.fdic.gov/bank/analytical/survey/2002jan/index.html

And here is an article on the financial implications:
http://money.cnn.com/magazines/fortune/fortune_archive/1992/05/18/76431/index.htm

2007-12-17 16:50:54 · answer #1 · answered by simplicitus 7 · 0 0

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