ABSTRACT
Other building applications are common. e City of Newton, Kansas, considered the securing of existing infrastructures for redevelopment purposes. is capital initiative involved the acquisition of aging housing complexes for the purposes of redevelopment, with respect to a 15% to 20% rate of return. Because this rate is a relatively high yield, the investments retain
their value. is type of investment, coupled with its potential return rates, instigates cost savings because of the di¡erences between the costs of new construction versus the costs of renovating existing buildings.
