“ere able to acquire their land, thanks to federal policy - the Homestead Act. The Homestead Act was signed into law by President Abraham Lincoln on May 20, 1862, and went into effect the following year. In 1863.” Real Estate Author:Ted Ihde, Thinking About Becoming A Real Estate Developer?
“Six years after the first savings bank was established in 1810 in England by Henry Duncan, the Philadelphia Saving Fund Society became the first savings bank formed in the United States.” Philadelphia Author:Ted Ihde, Thinking About Becoming A Real Estate Developer?
“Whereas Philadelphia was home to the first savings bank established in the United States - Philadelphia Saving Fund Society, in the year 1816 - Philadelphia is also the city that became home to the first commercial bank established in the United States. Thirty-four years before America had its first savings bank - Philadelphia Saving Fund Society, in 1816 - the first commercial bank in the United States was established. This first American commercial bank was also established in the very same city that America’s first savings bank had been created - the city of Philadelphia.” Philadelphia Author:Ted Ihde, Thinking About Becoming A Real Estate Developer?
“Looking at back-to-back years 20 years ago - 2004 and 2005 - housing permits obtained for privately owned homes topped 2 million each year. 2004 was the first year that permits obtained for privately owned homes exceeded 2 million. The trajectory of new home builds in the United States had been on an upward swing, twenty years ago. Last year home builders started construction on just over 947,000 new homes.” RealestateRealtorsRealtorLoanoffficer Author:Ted Ihde, Thinking About Becoming A Real Estate Developer?
“RIVER QUAY In Kansas City, if one were to bring up the topic of River Quay (pronounced “River Key”), that conversation would no doubt evolve into a conversation about River Market. Today, River Market is a hip-and-trendy neighborhood in Kansas City, Missouri. Located just south of the Missouri River. Adorning River Market’s quaint neighborhood feel, you’ll find chic eateries. Coupled to an urban lifestyle. Complete with a streetcar. A stone’s throw to the west of Christopher S. Bond Bridge. That’s today. Today’s River Market. Yesterday’s River Quay. In 1971, Marion Trozzolo - then, a Rockhurst University professor - began renovating historic buildings alongside the “Big Muddy” in a section of Kansas City that we now know to be River Market. It was Professor Trozzolo who came up with the River Quay nickname. Trozzolo’s idea for River Quay? For River Quay to undergo a thorough, artsy-remake. Into a Kansas City-styled French Quarter. A neighborhood comparable to Chicago’s Old Town. To San Francisco’s Ghirardelli Square. Trozzolo envisioned a family-friendly environ for River Quay. Unfortunately, the latter half of the ‘70’s was a rough time for this neighborhood next to the muddy Missouri. The word Quay? It's a word of French origin. The translation for Quay? Loading platform. Or wharf. Did River Quay ever become a Kansas City French Quarter? Did River Quay ever become a Kansas City Old Town? Did River Quay ever become a Kansas City Ghirardelli Square? Hardly. By the late ‘70’s, revitalization efforts in River Quay had stalled. Leaving River Quay saddled with boarded up buildings. Deserted through-streets. A neighborhood, with no vibrancy. Streets, with no traffic. Sidewalks, with no passers-by. By the late ‘70’s, developers were walking away from unfinished River Quay projects. Whereas River Quay had once - not long before - been primed for a grandiose new identity. One which bespoke of a rebirth for this neighborhood. A transition. From blight. To that of an entertainment district. Yet by the late ‘70’s, River Quay was not on its way to becoming Kansas City’s French Quarter. By the late ‘70’s, you’d still find an X-rated theatre in River Quay. With mob ties. Homeless, sleeping next to decrepit River Quay buildings. Empty River Quay buildings which had once been fancied as prime renovation opportunities. Projects, sadly cast aside and forgotten. In River Quay. In the late 1970’s? Well, at that time, River Quay was as an unfinished idea. Full of unrealized potential. Full of unrealized promise. Disappointing, no doubt. Yet today, on those same grounds, alongside the Missouri River, we have Kansas City’s stunning River Market. A great idea. Then a detour. Yet, a happy ending - and a nice story, with a unique history- in Kansas City.” Kansas City Author:Ted Ihde, Thinking About Becoming A Real Estate Developer?