I liked this thread, and this one. Along the same lines....
After lunch, staring at my desk appearing to work, I was actually thinking if I had won $100 million I would turn developer. I was thinking about what kind of projects I would try. Since planners have general disdain for developers and their “icky” projects, what would a planner do? Put money to ideas and test the waters!! Here are a couple:
Dream within the dream: I would like to try something like a mixed-use high-density project. This is Phoenix so it would be rare, and transit is almost nil.
Reality within the dream: I would buy old income properties (power centers, strip malls) that need help, remodel/update them, turn them over, and hang on to the best ones. A redeveloper if you will. There are also a couple of historic properties I would go after for restoration.
No chance I would ever work to build a new subdivision.
Poof, you have the cash, what do you develop/redevelop? Do you become the developer you hated and go for max cash return and develop crap?