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Balancing Competing Values in the Sale and Redevelopment of Publicly-Owned Real Estate: A Case Study of the Charlotte Coliseum Disposition

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  • Dustin Read
  • Suzanne Leland

Abstract

This case study describes the circumstances surrounding the Charlotte Coliseum disposition to introduce students to the competing values involved in the sale and redevelopment of publicly-owned real estate. Local governments are rarely able to focus exclusively on profit maximization when making real estate asset management decisions. Other values such as accountability, transparency, equity, and political responsiveness must also be considered. These conflicting interests differentiate real estate transactions in the public sector from those completed in the private sector. The theoretical concepts presented in this case study are intended to provide students with a framework to analyze and manage these conflicting interests in order to help real estate developers and local governments work together to achieve mutually beneficial goals.

Suggested Citation

  • Dustin Read & Suzanne Leland, 2010. "Balancing Competing Values in the Sale and Redevelopment of Publicly-Owned Real Estate: A Case Study of the Charlotte Coliseum Disposition," Journal of Real Estate Practice and Education, Taylor & Francis Journals, vol. 13(1), pages 87-106, January.
    • Handle: RePEc:taf:rjrpxx:v:13:y:2010:i:1:p:87-106
    DOI: 10.1080/10835547.2010.12091670
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