Hacking A Neighborhood???

[David Fritch]

Tonight our small investor group will start an open ended conversation about how to go about making an existing older neighborhood in our community into trendy and popular neighborhood with more of an urban identity. This is near the Parkway area of Richland WA in the pop. 300,000 area of the Tri-Cities, Washington.

Our area lacks an urban and central feeling "downtown" area and we feel that the commercial and civic development in the Parkway and adjacent Riverfront are going to provide this in the future. For reasons stemming more from community pride but also the bottom line, we'd like to help make this neighborhood cool. 

We are flippers, landlords, financial analysts, agents, attorneys and even a city development guy. 

I don't know if anyone has been involved with anything like this in a residential area. If so I'm curious to hear your experiences and thoughts. I thought I would post here as a journal of our intents and also see if anyone had wisdom to share.