Downtown is Worth Saving, Because Downtown is VALUABLE

Another blog post by Dace via MSHDA.

posted on July 20, 2010 07:30
By Dace Koenigsknecht
Economic Restructuring Specialist
Michigan Main Street Center
Michigan State Housing Development Authority

I consulted my respected Random House dictionary the other night; the anchor of a book that came with the Windows 3.1-compatible CD that fostered a chuckle. In the age of Google, I like the massive weight of it, the starchy feel of the pages filled with words that have evolved through the centuries. My destination: value or valuable. I discovered the 18 definitions of value to be daunting for my exercise, but valuable was perfect for the task.

I found the following three definitions for the word valuable. Each one depicts a specific segment of why downtown matters – why downtown is worth saving – why downtown is VALUABLE.

1. “Having considerable monetary worth; costing or bringing a high price”
Real estate. Land. Terra firma. No matter the word, a plot of earth and its improvements are the largest single investment most people will ever make. It is a conservative investment, even in a challenging economy, which provides stable, long-term growth – a positive return-on-investment (ROI).
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