Path of Progress in the Midwest - Your Thoughts?
Hi BP folks:
So, the definition of the term "path of progress" is the direction in which an emerging market’s growth is occurring - because progress/growth is occurring in these areas, demand increases, rents rise and your property appreciates organically. I look to invest where there is infrastructure to support new job growth/opportunities (possibly private tech corps will grow in Indy) Next Big Challenge for Small Downtowns (7/2017) I don't see a lot of good transportation solutions (muni/light rail) & the roads are horrible, but I was happy to see bicycles and shared bikes (Pacers)/e-scooters(BIRD) in downtown & Lyft/Uber and electric cars to get around but I am hoping Indy will attract more private tech businesses.
I am wondering your thoughts about Indy's new criminal justice center and the growing trend of prisons system as a lucrative business; Is this considered a "path to progress" for local property investors or is the new CJC not welcome? I think nobody would want a correctional facility in their backyard. But as as Grant Cardone has suggested in a podcast, we might want to consider buying property in locations that are open 24/7, such as hospitals, universities, etc. Is this new criminal center the newest biggest building project that's meant to stimulate Indiana's economy? I'm just curious what the thinking is... Thanks