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Evolution of an Historical Neighborhood <br /> The underlying economics of the development pattern of most small towns today differs greatly from <br /> the assumptions of the traditional development pattern they were founded upon.As opposed to <br /> horizontal growth—which is very expensive to maintain—the underlying economics of the traditional <br /> small town was based on the concepts of infill and vertical growth.This was how capital investments <br /> were paid for and major infrastructure was maintained over time. <br /> A neighborhood established on a traditional grid would initially have modest p�ivate-sector investments. <br /> Originally these would not even be served by public utilities. <br /> .� <br /> Delete photo, <br /> ��� �"' not ne�d <br /> �;�;�� <br /> i <br /> , _:��II <br /> _. . . . .,� ........ . . . .,:_.�.i '.,.. � .. ......... <br /> � ��qya���µ.�,; .r .- ._ <br /> .. .+�o�€'-;�A�°3��Y4's'.fi9"N .M T��F� <br /> Over time� new development would fill in between these modest investments.With each new building, <br /> the public realm would become more complete and, based on the established pattern,more valuable. <br /> � ,� � .� <br /> � � _F. � <br /> .� � <br /> �`� � Delete photo, <br /> f �i ` '� ` not need <br /> ; . �t� '� <br /> ���y��s � <br /> �,� � <br /> � �. ..k � <br /> � � � ��. , �:..� <br /> In successful neighborhoods—those that attracted more private-sector investment demand than could <br /> be sustained with infill—there would begin to be redevelopment pressure.Over time,structures would <br /> be torn down and replaced with structures of higher value. <br /> 4 <br />