Document Type

Conference Paper

Publication Date

2013

Publication Title

Proceedings of the 2013 Industrial and Systems Engineering Research Conference

Pages

3825-3834

Conference Name

2013 Industrial and Systems Engineering Research Conference, 18-22 May 2013, San Juan, Puerto Rico

Abstract

Real estate developers may apply to re-zone a parcel of land when their development plan does not conform to the original zoning, or when economic conditions change and they decide that they need to revise their plan to one that is non-conforming. When the revised plan conflicts with the vision or values of other stakeholders (e.g. neighbors, local government), the real estate developer enters a decision process with both risk and uncertainty, while at the same time the affected stakeholders are placed in the reciprocal decision process. This process resembles a game with repeated plays as the developer and stakeholders proceed through information sessions, local government review, planning or zoning board hearings, and decision making bodies. This paper will explore the recent efforts of a local developer to rezone portions of an upscale residential neighborhood to condominiums and the complex interactions among the various parties from the perspectives of stakeholder analysis and game theory. The goal of this case study is to identify methods of informing the participants of the re-zoning process for improved outcomes. Recommendations for improvement of outcomes will be presented, as well as considerations for further research to expand the generalizability of the developed approach.

Rights

© 2013 Institute of Industrial Engineers. All rights reserved.

Included with the kind written permission of the copyright holders.

Original Publication Citation

Bradley, J. M., & Hester, P. T. (2013). Contested real estate rezoning from a game theory and stakeholder analysis perspective [Conference paper]. 2013 Industrial and Systems Engineering Research Conference, San Juan, Puerto Rico.

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