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An Honorary Society Providing a Forum for the 
Advancement of Land Economics
May 2007 The Honorary Society for the Advancement of Land Economics
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Featured Stories

Land Economics Weekend in Ireland
May 30 - June 2, 2007
Last Chance to Register!

There Are Still Registrations Available for the Spring Land Economics Weekend!

LAI’s Land Economics Weekend in Ireland will give ample opportunity to see all the changes in that country and to meet a wide range of the most influential people on both sides of the border who are driving the changes.  Dublin’s recent success is palpable, while the work in hand in Belfast, the subject of a day trip, should certainly impress.  For those looking at investment opportunities in Ireland, there will be much over which to ponder. 


Malahide Castle
 

All in all, the Irish Weekend will be an exciting occasion, full of interesting things to see and hear.  For those who can spare a little more time, the Irish countryside, regardless of the border, is beautiful to behold, while travel around the whole island is easy.  And for those tempted to include England, Scotland and Wales on their itinerary, these are but a short hop by air across the Irish Sea.

Dr. Karen Sieracki

LAI member Agenda for the Dublin Land Economics Weekend (pdf)
Registration form for the Dublin Land Economics Weekend (pdf)
Registration form for the Dublin Land Economics Weekend (doc


Letter from the President

Dr. James A. Fawcett

With all the publicity about the upcoming Land Economics Weekend in Ireland, it occurred to me that I have not explained too many of you why we are taking the show overseas. [This is kind of a long, slow curve so stay with me if you will.] A few years ago, our stalwart member, Mike Maremont from the Ely Chapter moved to Santa Fe, New Mexico. Mike looked around and realized that Lambda Alpha had no presence in the Land of Enchantment, so he decided to find out if there would be interest in forming a chapter. He presented the idea at some of the meetings he attended and discovered that there was, indeed, a group of distinguished professionals who would both qualify for membership and be interested in joining together in a new chapter. So, Mike put in a lot of hard work, enlisted the help of Lora Lucero, Tom Mills, Lamerle Boyd, Anita Miller and Roger Schluntz among others, and with the help of the International, a chapter was born and now thrives there.

At one point during that year (pre-chapter), Mike asked if I would come over to talk to his colleagues about the value of LAI. At the same time it turned out that our European Regional VP, Karen Sieracki and her husband and fellow LAI member, Bob Gibson, were attending a land economics meeting in Santa Fe. They had been talking about LAI to colleagues at the University of Ulster in Northern Ireland. Since two of the professors were also attending the meeting in Santa Fe, Karen and Bob asked if I'd join them in a discussion there. We had a very good chat at the Eldorado Hotel one afternoon, giving the three of us a chance to explain our role as a professional society. One of the qualities of LAI that the folks from the University of Ulster liked was that LAI offers neutral ground to discuss land use issues. That quality was especially attractive to our friends and colleagues in New Mexico, as well, and we repeated that there are often cases where LAI meetings offer the opportunity to discuss contentious land use and land economics issues in a forum where the Society takes no position other than to foster open discussion among all parties to an issue.

With that as background, back home, Dr. Sieracki, Mr. Gibson and our International Past President, Roger Kallman undertook a challenge to bring these ideas to a larger group of individuals both in the Irish Republic and in Northern Ireland. So, that is the genesis of our meeting in Ireland. Our visit is at once a chance to see the vibrant economy there but also an opportunity for potential members in Belfast and Dublin to take a look at us and decide if they want to form a chapter or chapters of our Society. In that respect, all who attend this meeting will be ambassadors for Lambda Alpha.

James A. Fawcett
International President
fawcett@usc.edu

 

Editor’s Column


Helen Sause

Public / Private Partnerships: Cooperative Players or Vilified Adversaries?
 
How can the potentially positive balance between the goals of cities and developers be carried out in the spirit of cooperative partnerships? Communities need developers to do development in order to have vital neighborhoods and commercial districts. Many downtowns obviously need infill development, have deteriorated areas to be revitalized and vacant land that is an undeveloped eyesore. It is developers business to build great buildings, innovative commercial districts and attractive residential areas. These two goals seem a match made in heaven and should result in a complementary partnership, right?! Wrong!...well way too often at any rate.

Then where does this go wrong or never start off right? These are complex deals and no two completely alike. The City may be out to exact all they can from the developer while enforcing illogical or over restrictive zoning / building requirements. Or conversely the City may be willing give away everything just to get development done. This sets the developer up for the accusation of "ripping off the city". Sometimes the element of personal recognition and /or benefits for officials can enter into the equation. The city is on the "hot seat" to achieve the communities' goals, uphold planning/zoning requirements and obtain whatever objectives are associated with the deal.

The Developer brings its firm's expectations to the project, often based on an unrealistic view of a great opportunity to build something in which they can take pride, make lots of money and move on to their next project. Business being what it is, developers will try for all the advantages they can and since time is money, delays are not tolerable and they want to move as quickly as possible. Then there is the community element. Residents may or may not have been part of the decision to build/revitalize the area. There also seems to be an innate distrust of the so called "big bucks developers" who come to town to work their will, make a killing at the expense of the residents quality of life and leave town.

We have all seen projects done successfully where the three parts of the whole are brought together and results in the community having a beloved new neighborhood or commercial district, where the city feels it did a good deal, and the developer makes a fair return and all live happily ever after.

More often we see the clashing of all three participants, even to the extent where development is totally stymied or drags on for years. What goes wrong? What can LAI members do to see if analysis of the serendipity developments can be used for learning opportunities? We normally have all the players at our chapter meetings, developers both public and private, and all of us are residents of our communities in one context or another. Can we come up with the elements of what makes a positive approach to development and see if these tools can be applied across our membership? Even just thinking about how relationships and expectations can be agreed on in advance would be a major step forward. Wonder if you readers think this is worth more consideration?

Helen Sause
International Editor

 

LEF FUND AWARDS

A brief summary of the outstanding work it helps to fund: The Board of Trustees of LEF met in Ottawa and approved four of the seven funding requests submitted. The following are highlights of the Board's actions.

Safe Horizon - $2,500
The Foundation funded $2,500 in the Spring of 2006 with the condition that another $2,500 would be considered in the Fall if matched by another non-profit entity. This Housing Mediation Program is now in operation at three Domestic Violence Shelters in Manhattan and Brooklyn, and has been expanded into a 40-hour training program for volunteer mediators. The intent is to expand statewide with ten mediation centers to assist underprivileged/under-educated residents with aggressive landlords.

San Diego Canyonlands Video Project - $5,000
This information/education video will conclude and air on San Diego cable television stations to further the community's knowledge about maintaining environmentally significant canyon areas and linking these connectors with nearby urbanizing areas. The proposed preservation of this open space is absolutely necessary to maintaining the ecosystems of the county.

ASU Graduate Student Chapter - $5,000
To be implemented and monitored by the Phoenix Chapter, a real estate based graduate student LAISA chapter will be formed. Funded on a matching basis by the local chapter, the students will enjoy the benefits of real estate community involvement, networking, and clearly a more practical understanding of our industry through monthly meetings plus an annual conference with MIT's real estate school. The program is in effect now and is highly successful.

Burnham Centennial Celebration - $30,000
To be funded over a four-year period with matching funds from the Ely Chapter, the project will allow Lambda Alpha to directly participate in the presentation of the project in 2009 and share in the promotional benefits of this historic undertaking. Chicago was master planned under the leadership of Daniel Burnham, who went on to prepare plans for San Francisco, the National Capital in Washington, Manila, etc. The impacts of this plan are still being felt by planners nationally and, especially, in Chicago where it continues to be viewed as a guide by both the private and public sectors.

LEF has already played a key role in getting this effort underway, as it funded a $5,000 request several years back for the establishment of a web site, www.planofchicago2009.org which is a key organizing tool of the Plan of Chicago Centennial Initiative organization. Indeed, this entire program is the result of LAI leadership as two Ely members—Susan Aaron and Christine Williams—organized the initial committee and still play a key role in a program which now involves hundreds of organizations and a number of key funders. LAI, through LEF, will have a prominent role to enhance our public exposure as well as expand our mission. The sponsorship, and resulting participation in a series of symposia will be hosted by leading personalities and broadcast as part of local television series. Three of the four grants involve chapter-sponsored requests; it should also be noted that all $42,500 committed is leveraged resulting in $85,000 in program sponsorship.

Ron Buss,
President LEF
bussshelger@pacbell.net

 


Featured Stories

Dublin, Ireland Spring Land Economics Weekend

Letter from the
President

Editor's Column

LEF Fund Awards

Chapter Corner

Aloha Chapter

Los Angeles Chapter

Phoenix Chapter

Announcements

Chapter Administrative Matters

LAI Headquarters contact information

[Click Here] to register for the Dublin, Ireland Spring Land Economics Weekend Online

or [Click Here] to register by mail

Save the Date!

New Members


Online KeyNotes is published monthly for members of Lambda Alpha International.

Editor: Helen Sause, Golden Gate Chapter

Production Manager: Michele Meng

Send your announcements for next edition of KeyNotes to LAI@LAI.org

Webmaster / Designer: Kathy Keler

For more information about LAI activities, visit the website or contact the International Office: Terry Stevenson, Executive Director
214 N. Hale Street
Wheaton, IL 60187
p: 630/510-4584
f: 630/510-4501 lai@lai.org
www.lai.org





Chapter Corner

Aloha Chapter:

The Aloha Chapter was pleased to welcome the Hon. Linda Lingle, the first elected Republican Governor of the State of Hawaii since statehood, as its luncheon speaker at its quarterly meeting held at the Oahu Country Club on Friday, March 16th.  The Governor discussed her administration's plans and proposed legislation dealing with economic revitalization and other topics associated with land economics. Questioning following the formal presentation was lively and spirited.  Meanwhile, the Chapter has accepted nearly a dozen new members this year and will initiate them at its next quarterly meeting in June. 
 
David Callies
Scribe/Historian
Aloha Chapter 

Los Angeles Chapter:

Los Angeles Chapter 2007 - Photo Highlights

Phoenix Chapter:


The Phoenix Chapter is gearing up for our Spring of 2008 Land Economics Weekend, on April 30 - May 4, 2008 at the Hotel Valley Ho, Scottsdale, AZ. A number of other meetings planned this summer and fall indicate the fine speakers they are hosting. All of this strengthens the visibility / creditability of the Chapter among local professionals. This is undoubtedly true across the country...but nice to publicize it so non-members are clamoring for invitations to LAI events!

June 15, 2007
LAI Chapter Meeting
Phoenix Country Club

September 12, 2007
Fall Real Estate Seminar Phoenix, AZ
Keynote Speaker:
William Hudnut
Urban Land Institute
Senior Resident Fellow

October 19, 2007
LAI Chapter Meeting
Phoenix Country Club

November 15, 2007
Emerging Trends Phoenix, AZ

December 5, 2007
LAI New Member Induction
Phoenix, AZ

 

If you have a project you would like the committee to consider touring, please contact sheila@lai-phx.org. To nominate a colleague for LAI membership, please contact Andy Conlin at 602-412-5725 or by email at AConlin@mesirowfinancial.com. Nominations will be accepted until September 30, 2007.

Sheila Hamilton
President
LAI Phoenix Chapter


Announcements

Chapter Administrative Matters:
LAI International Executive Director


Tribute Cards
Oftentimes we don't know how to adequately express our condolences for the recent passing of a colleague, friend or LAI member. To meet this need, the Land Economics Foundation has made available tribute cards specifically for this purpose. These tasteful memorial cards announce that a contribution has been made to the Land Economics Foundation of LAI in tribute to someone. Inside the card, space is included to add a personal note of your own. Additionally, the note card outlines the aims and objectives of the Land Economics Foundation. Tribute cards are $20.00 (US) each and are available through your local chapter or International Headquarters. Local Chapters may wish to order packets of 10 notecards for $200.00 (US). These cards are also appropriate if you wish to acknowledge a speaker at one of your chapter events. Contact International Headquarters at LAI@LAI.org to order these cards. (Special thanks to Virginia Solomon and the 2003 LEF Committee for implementing this program.)

LAI Headquarters contact information

Terry Stevenson and Michele Meng's email address have changed— please update your address books with the following:
Michele Meng
mmeng@integrated-solutions.com
Terry Stevenson
tstevenson@integrated-solutions.com

Save the Date ! ! !

Los Angeles, CA Fall Land Economics Weekend
October 18 - October 21, 2007
More details coming soon!

Phoenix, AZ, Spring Land Economics Weekend
April 30- May 4, 2008
More details coming soon!

New Members

London Chapter
Bill Tilley, INTEC Management Ltd.



 


LAMBDA ALPHA INTERNATIONAL
The Honorary Society for the Advancement of Land Economics


Sponsors/Business Cards:









www.appraisalresearch.com


Place your card here Call 630/510-4584
$250 U.S. for 12 months

 

www.LAI.org anevin@marketpointe.com www.marketpointe.com gafinch@querrey.com www.querrey.com www.querrey.com