The neighborhood known as Uptown in Memphis, Tennessee, was the subject of a redevelopment project from 2001 through 2016. Before the redevelopment, Uptown was heavily blighted and impoverished. We examine the economic impact of that redevelopment and its effect on assessed value and property taxes. We further consider the economic and social effects of blight during the pre- and post-development periods. Our results find that the redevelopment of Uptown was both socially and economically beneficial to the study area. We compare our findings to an adjacent neighborhood with characteristics similar to our study area’s.
Valuation - effect of neighborhood; Economic development - Tennessee - Memphis
Linna, J., Bidanset, P., Sun, W., & Sunderman, M. A. (2021). Valuation and assessed valuation and social benefits of neighborhood redevelopment : Case study of Memphis, Tennessee. Journal of Property Tax Assessment & Administration, 18(1). Retrieved from https://researchexchange.iaao.org/jptaa/vol18/iss1/2