Meaning of shopsteading | Babel Free

Definitions

The sale by the government of abandoned shops to entrepreneurs who are willing to renovate them and operate there, as part of an urban revitalization policy.

uncountable

Examples

“The policy tools range from land banking and infrastructure provision to townscaping and shopsteading (Stokvis, 1984; Blakely, 1989).”

“It was such a success in Baltimore, Maryland, that the city expanded the concept in 1977 to create shopsteading.”

“Low-cost financing, access to venture capital, expanding shopsteading programs, and providing fee waivers are some productive approaches.”

“The success of shopsteading hinges on two main factors, the first of which is the availability of vacant properties in areas that have considerable potential for economic revitalization.”

CEFR level