GCI Working Paper Series - Author Last Name: "M"
Maghan, Jess
Long -Term and Dangerous
Inmates: Maximum Security Incarceration in the United States
Jess Maghan
December 1996
GCP-96-12
This paper addresses the issues the American prison system faces in
providing safe housing long- term violent offenders in maximum security
prisons. It also examines the current trends leading towards more and
higher security.
Mayfield, Loomis
Future Directions of the Chicago
Metropolitan Housing Development Corporation
Loomis Mayfield, Maureen Hellwig, and Brian Banks
April 1998
GCP-98-5
Modern university/community relationships are sometimes marked by division
and hostility. Key problems in the relationship include the assumed
objectivity of the academy; the real estate interests of universities;
and the alliance of real estate interests and political figures in opposition
to community concerns. The history and description of these relationships
in Chicago indicates there are other historical trends which have led
to fruitful partnerships, including: the influence of the settlement
house movement; the strength and diversity of community groups; change
and diversity in the university; and the influence of the civil rights
movement. This article uses the examples of the Neighborhoods Initiative
at the University of Illinois at Chicago and the Policy Research Action
Group, a consortium of four universities Loyola, DePaul, Chicago State
University, and the University of Illinois at Chicago and community
partners, to show how strong, viable collaborations can occur.
McDonald, John F.
Optimal Leverage in
Real Estate Investment with Mezzanine Lending
John F. McDonald
Professor Emeritus, Economics and Director, Center for Urban Real Estate
University of Illinois at Chicago
January 2007
GCP-07-02
The paper presents a theoretical analysis of the optimal leverage for
the purpose of investing in real estate under the condition that borrowing
in excess of a standard amount such as 70 to 80 percent of the purchase
price must be accomplished through a mezzanine loan with a high rate
of interest. The conditions under which a mezzanine loan is used are
derived. It is shown that a larger mezzanine loan is used the greater
is the required expected after-tax rate of return to equity. Investors
who choose greater risk require a higher expected after-tax return to
equity and therefore borrow more and purchase more real estate with
a given equity investment.
Property
Taxes and Commercial Real Estate Values in Urban Areas
John F. McDonald
September 1996
GCP-96-11
The purpose of this paper is to present a summary of the effects of
property taxation on market rents and values of commercial and industrial
real estate in urban areas. The research is based on data from commercial
and industrial real estate in the Chicago metropolitan area.
An Economic Anaylsis of Guns, Crime
and Gun Control
John F. McDonald
November 1995
GCP-95-4
The purpose of this paper is to formulate an economic model of guns,
crime, and gun control measures by using recent empirical research,
on firearms, violence, and gun control. The goal of this model is to
set out a simple set of equations that capture the primary features
of the policy debate. In addition, the model can be used to examine
the effects of changes in crime and gun control policy on crime rates
and gun ownership.
Maximization of Non-Residential
Property Tax Revenue by a Local Government
John F. McDonald
February 2007
GCP-07-06
The paper presents a model of the market for commercial or industrial
real estate at the local level that is used to derive an equation for
the property tax rate that maximizes tax revenue – given that
demand for real estate at the local level is highly elastic and capital
is mobile in the long run.
McGrath, Daniel T.
An Investigation into the Impact
of Hazardous Waste Contamination Liability on Urban Industrial Land
Redevelopment in the City of Chicago
Daniel T. McGrath
December 1995
GCP-95-5
The purpose of this research is to investigate how the behavior of buyers
and developers of industrial property in Chicago might be influenced
by the perceived environmental contamination of the property. This study
takes a historical look at the problem and presents a method to measure
its impact on both industrial land value and industrial redevelopment
within the City of Chicago.
McKenzie, Evan
The Politics
of School Desegregation in Oak Park
Evan McKenzie
Associate Professor of Political Science
May 2000
GCP-00-1
Oak Park's school desegregation efforts in 1976 and 1987 accomplished
their intended purpose, which was to promote racial balance among the
neighborhood elementary schools. But new disparities have emerged in
the years since. This working paper focuses on the enrollment trends,
areas of controversy, and public policies that have emerged in Oak Park
over the last 30 years.
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