Regulatory Process and Infrastructure Provision

The regulatory process of a potential development can be time consuming, and costly. If a developer does not gain approval for a proposed use, the sunk cost of due diligence can be great. Unsophisticated developers may even purchase a piece of land before an attempt to rezone is made. This can create a significant liability.

In LDEV 667 – Design & Development Economy, the final project consisted of conducting due diligence for a development called Tarpon Pointe, a multifamily development in Bradenton, Florida. As development consultants, we analyzed various nuances such as the floodplain, easements, soil conditions, site characteristics, among others. The purpose of the assignment was to give a recommendation to a group of investors weather to proceed or to pass on the opportunity. Upon analyzing the documents, our final conclusion was for the investors to not proceed with the project as there were too many uncertainties to justify the risk. The presentation below gives specific details on the project.