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In the News

April 20, 2020

Stabilizing the Real Estate Market Post-COVID-19

Pittsburgh Business Times article by RIDC President Donald Smith can be read in full here.

“As the COVID-19 pandemic continues, and a lengthy recession looks like a strong possibility, real estate development is going to grind to a halt. We can begin creating the conditions that will facilitate its re-emergence now, but it will require government and developers to work together.

Nothing local governments do today is going to counteract a global recession, but they can use this time to implement technology upgrades and create new human processes, so that when market forces turn positive, there are fewer impediments to a robust response from the private sector.”