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MEDIUM potential:The adjacent structures have a value that is comparable to the underlying <br /> land value. There is some natural market incentive to improve the value of the structure and <br /> maximize the underlying land value. Improvements or alterations to the street can have an <br /> impact on the amount of development and redevelopment along the street. <br /> HIGH potential:The adjacent structures have a low value in comparison to the underlying land <br /> value.This is a unstable situation where there is a market incentive to tear down or renovate <br /> underperforming structures. There is strong potential for improvements or alterations to the <br /> street to have a significant impact on the amount of development along the street. <br /> Incremental Repair <br /> Low cost strategies that the city can do immediately to improve value along the street. <br /> Pequot Lakes Downtown Plan—Updated November 2014 12 <br />