shopsteading

shopsteading (uncountable)

1. The sale by the government of abandoned shops to entrepreneurs who are willing to renovate them and operate there, as part of an urban revitalization policy.
   • 1991 December 10, Steven C Deller, James C McConnon Jr, John Holden & Kenneth Stone, “The measurement of a community's retail market”, in Journal of the Community Development Society:

     The policy tools range from land banking and infrastructure provision to townscaping and shopsteading (Stokvis, 1984; Blakely, 1989).

   • 1997, Robert E. Stipe & Antoinette Josephine Lee, The American Mosaic: Preserving a Nation's Heritage, →ISBN, page 127:

     It was such a success in Baltimore, Maryland, that the city expanded the concept in 1977 to create shopsteading.

   • 2010, Carol O'Cleireacain, The Orphaned Capital, →ISBN:

     Low-cost financing, access to venture capital, expanding shopsteading programs, and providing fee waivers are some productive approaches.

   • 2010, Edward J. Blakely & ‎Nancey Green Leigh, Planning Local Economic Development: Theory and Practice, →ISBN:

     The success of shopsteading hinges on two main factors, the first of which is the availability of vacant properties in areas that have considerable potential for economic revitalization.

shopsteading

1. present participle of shopstead