ABSTRACT
This chapter addresses the issue of finding and combining various funding sources. It discusses the three case studies that show different ways in which projects cobble together funding from various sources. This chapter discusses eight steps that towns and municipalities should take when preparing a site to attract developers. The eight steps: inventory older, obsolete buildings; determine the needs of current owners; conduct preliminary environmental testing; and recognize the value of infrastructure. The steps also includes: undertake price comparisons; account for factors beyond sale values; remember that the town or city can add value to the structure; and plan for long-term financing. The chapter discusses case studies: Ludlow Mill Reuse Project; The Whitinsville Mill Redevelopment Project; and Maynard Mill Redevelopment Project. Mill revitalization often requires financial commitments for longer than a decade. The developers will be looking for financial help for each phase of the project.
