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Evaluating public sector participation in a mixed-use development : Lynn's South Harbor project

This thesis evaluates the need for public sector participation in the development of South Harbor, a large, mixed-use project proposed for the city of Lynn, Massachusetts. First, the need for active public sector involvement is established, by examining the site's many constraints to development. Second, the public sector's ability to assume this active role in the development process is evaluated by studying Lynn's involvement in another local, public-private development project, known as Seaport Landing. Third, the financial feasibility of the program proposed for the site is analyzed and it is determined that the public sector will have to provide the project with substantial financial assistance, if it is ever to be economically feasible. Finally, the authors identify those issues that the city of Lynn must resolve before South Harbor can be developed and recommend an order that the city should follow in attempting to resolve them. Thesis Supervisor: Lynne B. Sagalyn Title: Assistant Professor of Planning and Real Estate Development