Release Date: May 27, 2010
Shawn Colin , Senior Planner, (843)341-4696
The Town of Hilton Head Island has been selected as a finalist in the Round Two Research Phase of the "Red Fields to Green Fields America" project that could result in a plan to address potentially troubled commercial real estate assets within the Town.
The project includes developing local partnerships, which to date include:
"Red Fields to Green Fields America" is a public/private enterprise that is geared toward achieving a range of social and economic objectives by:
"Red Fields to Green Fields America" seeks to convert vacant and financially distressed commercial property into parks by researching the catalytic effect that parks can have in improving the economy, environment and health of a town through creation of liveable and walkable communities.
Public-private partnerships would buy distressed properties and, in many cases, demolish buildings. Part of the land would be turned into a park, while the remainder could be redeveloped later to help pay off the project's debt and create jobs. Potential federal funding, matched by local public and philanthropic investment, to support park projects is currently under consideration.
City Parks Alliance is working with Georgia Tech Research Institute to assess an initiative in six cities: Atlanta, Cleveland, Denver, Miami, Philadelphia and Wilmington, DE. That analysis will be released in late spring 2010.
A second round of studies, including Hilton Head Island, Houston, Phoenix, Detroit and Los Angeles, could be released in late 2010.