From Nimby* to Banana**--The Challenge for Developers

Posted by: Peter Coy on December 2, 2006

Opposition to development of single-family homes and condominiums decreased a bit in the latest survey of residents’ attitudes by Boston-based Saint Consulting Group. Here’s a long excerpt from its press release about the Saint Index:

Some development sectors in the 2006 survey have encountered LESS opposition this year - that is, opposition continues but to a lesser extent than in 2005:

Apartments/condominiums - 34% opposed [down from 48% last year]
Casinos - 67% opposed [down from 80%]
Grocery stores - 25% opposed [down from 33%]
Office buildings - 40% opposed [down from 47%]
Large shopping centers - 57% opposed [down from 62%]
Single-family housing - 6% opposed [down from 13%]
Some sections remain as equally opposed this year as last, tending to more opposition:

Home improvement centers - 56% in 2006, 55% in 2005
Department stores - 55% in 2006, 53% in 2005
However, some sectors face EVEN MORE opposition than in the 2005 Saint Index:

Biotech research - 57% opposed [up from 48% last year]
Landfills - 87% opposed [up from 82% last year]
Power plants - 75% opposed [up from 66%]
Quarries - 76% opposed [up from 63%]
Wal-Mart - 68% opposed [up from 63%]. In point of fact, 61% of those polled say they like the big-box experience, but not in their own community.

*Nimby: not in my backyard
**Banana: Build absolutely nothing anywhere near anybody

Reader Comments

Metroplexual

December 23, 2006 11:26 AM

NOPE,

Not on planet earth.

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About

BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

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