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Pioneers and Settlers in Lo-Do Denver: Private Risk and Public Benefits in Urban Redevelopment

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  • Stephan Weiler

    (Department of Economics, Colorado State University, Fort Collins, Colorado 80523-1771, USA, sweiler@vines.colostate.edu)

Abstract

Older industrial districts, often rich with history and architecture, are paradoxically central yet decaying features of the modern US urban landscape. However, several such areas are experiencing major renaissances through individual sparks of private business investment. Lower Downtown (LoDo) Denver is a well-known example of this phenomenon; less recognised is the influential role of craft breweries in its rebirth. This paper first explores a game-theoretical framework for understanding the private strategies in such pioneer enterprises, along with the potential market failures and externalities involved. A case study of the LoDo experience is then presented to highlight both the theoretical and policy perspectives of the research.

Suggested Citation

  • Stephan Weiler, 2000. "Pioneers and Settlers in Lo-Do Denver: Private Risk and Public Benefits in Urban Redevelopment," Urban Studies, Urban Studies Journal Limited, vol. 37(1), pages 167-179, January.
    • Handle: RePEc:sae:urbstu:v:37:y:2000:i:1:p:167-179
    DOI: 10.1080/0042098002348
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    References listed on IDEAS

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    1. A. Michael Spence, 1979. "Investment Strategy and Growth in a New Market," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 1-19, Spring.
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    4. Timothy J. Bartik, 1991. "Who Benefits from State and Local Economic Development Policies?," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number wbsle.
    5. Timothy J. Bartik, 1999. "The Market Failure Approach to Regional Economic Development Policy," Book chapters authored by Upjohn Institute researchers, in: John P. Blair & Laura A. Reese (ed.),Readings in Urban Economics: Issues and Public Policy, pages 14-24, W.E. Upjohn Institute for Employment Research.
    6. John C. Harsanyi, 1968. "Games with Incomplete Information Played by "Bayesian" Players Part II. Bayesian Equilibrium Points," Management Science, INFORMS, vol. 14(5), pages 320-334, January.
    7. Thaler, Richard, 1978. "A note on the value of crime control: Evidence from the property market," Journal of Urban Economics, Elsevier, vol. 5(1), pages 137-145, January.
    8. Rafael Rob, 1991. "Learning and Capacity Expansion under Demand Uncertainty," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(4), pages 655-675.
    9. Cynthia Rogers & Stephan Weiler, 1995. "Regional Science: A View from the Doorway," International Regional Science Review, , vol. 18(2), pages 259-266, April.
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    Citations

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    Cited by:

    1. Kristopher Deming & Stephan Weiler, 2023. "Banking Deserts and the Paycheck Protection Program," Economic Development Quarterly, , vol. 37(3), pages 259-276, August.
    2. Andrew Goetz, 2013. "Suburban Sprawl or Urban Centres: Tensions and Contradictions of Smart Growth Approaches in Denver, Colorado," Urban Studies, Urban Studies Journal Limited, vol. 50(11), pages 2178-2195, August.
    3. Watson, Philip & Wilson, Joshua & Thilmany, Dawn D. & Winter, Susan, 2007. "Determining Economic Contributions and Impacts: What is the difference and why do we care?," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 37(2), pages 1-7.
    4. Tessa Conroy & Stephan Weiler, 2016. "Does gender matter for job creation? Business ownership and employment growth," Small Business Economics, Springer, vol. 47(2), pages 397-419, August.
    5. Tessa Conroy & Stephan Weiler, 2019. "Local and social: entrepreneurs, information network effects, and economic growth," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 62(3), pages 681-713, June.
    6. repec:rre:publsh:v:33:y:2003:i:3:p:264-83 is not listed on IDEAS
    7. Eric Scorsone & Stephan Weiler, 2004. "New Markets as Informational Asymmetries," Economic Development Quarterly, , vol. 18(3), pages 303-313, August.
    8. Michael Trouw & Stephan Weiler & Jesse Silverstein, 2020. "Brownfield Development: Uncertainty, Asymmetric Information, and Risk Premia," Sustainability, MDPI, vol. 12(5), pages 1-18, March.
    9. Stephan Weiler, 2000. "Information and Market Failure in Local Economic Development: A New Role for Universities?," Economic Development Quarterly, , vol. 14(2), pages 194-203, May.

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