Urban Renewal Stocks List
|CRST||A||Crest Nicholson Holdings||0.00|
|MGNS||C||Morgan Sindall Group Plc||0.00|
|SOHO||C||Triple Point Social Housing REIT Plc||0.60|
View all Urban Renewal related ETFs...
|2021-05-14||CRST||Bollinger Band Squeeze||Range Contraction|
|2021-05-14||CRST||MACD Bullish Signal Line Cross||Bullish|
|2021-05-14||CRST||Pocket Pivot||Bullish Swing Setup|
|2021-05-14||MGNS||20 DMA Support||Bullish|
|2021-05-14||MGNS||1,2,3 Pullback Bullish||Bullish Swing Setup|
|2021-05-14||MGNS||Non-ADX 1,2,3,4 Bullish||Bullish Swing Setup|
|2021-05-14||SOHO||Bollinger Band Squeeze||Range Contraction|
|2021-05-14||SOHO||Upper Bollinger Band Walk||Strength|
|2021-05-14||SOHO||Non-ADX 1,2,3,4 Bullish||Bullish Swing Setup|
|2021-05-14||SOHO||Pocket Pivot||Bullish Swing Setup|
Urban renewal (also called urban regeneration in the United Kingdom and urban redevelopment in the United States) is a program of land redevelopment in cities, often where there is urban decay. Urban renewal often refers to the clearing out of blighted areas in inner cities to clear out slums and create opportunities for higher class housing, businesses, and more. Modern attempts at renewal began in the late 19th century in developed nations, and experienced an intense phase in the late 1940s under the rubric of reconstruction. The process has had a major impact on many urban landscapes, and has played an important role in the history and demographics of cities around the world.
Urban renewal is a process where privately owned properties within a designated renewal area are purchased or taken by eminent domain by a municipal redevelopment authority, razed and then reconveyed to selected developers who devote them to other uses. Until 1970, the displaced owners and tenants received only the constitutionally-mandated "just compensation" specified in the Fifth Amendment to the U.S. Constitution. This measure of compensation covered only the fair market value of the taken property, and omitted compensation for a variety of incidental losses like, for example, moving expenses, loss of favorable financing and notably, business losses, such as loss of business goodwill. In the 1970s the federal government and state governments enacted the Uniform Relocation Assistance Act which provides for limited compensation of some of these losses. However the Act denies the displaced land owners the right to sue to enforce its provisions, so it is deemed an act of legislative grace rather than a constitutional right. Historically, urban redevelopment has been controversial because of such practices as taking private property by eminent domain for "public use" and then turning it over to redevelopers free of charge or for less than the acquisition cost (known as "land write-down"). Thus, in the controversial Connecticut case of Kelo v. City of New London (2005) the plan called for a redeveloper to lease the subject 90-acre waterfront property for $1 per year.
This process is also carried out in rural areas, referred to as village renewal, though it may not be exactly the same in practice.In some cases, renewal may result in urban sprawl and less congestion when city infrastructure begins to include freeways and expressways.Urban renewal has been seen by proponents as an economic engine and a reform mechanism, and by critics as a mechanism for control. Though it may bring more wealth to communities, it may also edge out its preexisting residents. Some redevelopment projects have been failures, including the Kelo case, in which the U.S. Supreme Court upheld the taking by a 5 to 4 vote, but where nothing was built on the taken property.
Many cities link the revitalization of the central business district and gentrification of residential neighborhoods to earlier urban renewal programs. The goal of urban renewal evolved into a policy based less on destruction and more on renovation and investment, and today is an integral part of many local governments, often combined with small and big business incentives.