Economic Reinvention “A Must, Not An Option” In the New Era of City Building: New Urban Land Institute Report Looks at Leveraging Potential of Anchor Institutions

WASHINGTON, DC – April 4, 2011 – (RealEstateRama) — Positioning a city as progressive and innovative in the post-recession economy is, perhaps more than ever before, requiring public officials to “think and act like entrepreneurs” to maximize the economic development potential of anchor institutions such as higher education and medical facilities, alternative energy-related industries, and biotechnology firms, according to a new report from the Urban Land Institute (ULI).