Planning commissioners frequently find themselves wishing they knew more about how real estate development really works in terms of dollars and cents. You can also take a look at a conversation I had with Wayne about his article. If you take the time, you’ll learn a lot - especially if, like many citizen planners, you’re not very familiar with the world of real estate development. Don’t be put off by all the numbers and calculations. I urge you to take the same attitude in working your way through this lengthy, but highly rewarding, article. We are making it available in an online format here on .Īs a planning commissioner I’m sure you’re used to rolling up your sleeves and getting to work when your board meets. Wayne also served for many years as a member of the Planning Commissioners Journal’s editorial advisory board. Illustration by Paul Hoffman for Įditor’s Note: Pro-Forma 101 was written in 2007 by the late Wayne Lemmon, who was (among other things) a skilled real estate market economist.
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