Alternative Development Scenario
The Alternative Development Scenario puts forth a community land trust as a model for equitable economic development, community ownership, and a tool against gentrification and displacement. Additionally, it highlights a mock-up of a mixed-use development project that meets the affordability levels of existing residents and incorporates commercial and light industrial uses. The scenario addresses core principles agreed upon by the Roundtable, including equitable economic development, affordability, and community driven investment. Furthermore, it reflects strategies the Roundtable has identified around creating community ownership opportunities, leveraging growing sectors of the Bronx economy like advanced manufacturing, and unlocking sources of mission-aligned capital.