An Acquisition, Development, and Construction (ADC) Loan is a short-term loan used to finance the acquisition of land, development of infrastructure, and construction of buildings.
An arterial highway is a major transportation route commonly found in an urbanized area, designed to deliver substantial traffic volumes efficiently, enabling connectivity between different parts of a city and its suburbs.
A corridor in real estate refers to a long, narrow strip of land dedicated to a specific purpose such as transportation routes, utility lines, or communication cables. The use of corridors is critical in infrastructure development, providing a streamlined and organized space for essential services.
Eminent domain is the power of the government or its delegate to take private property for public use, with the requirement that the owner is fairly compensated. This legal principle ensures that essential public projects can proceed while protecting the property rights of individuals.
Improved land refers to property that has been enhanced with certain modifications and development activities to make it more useful and potentially more valuable compared to raw land.
Land reclamation is the process of creating new land from oceans, seas, riverbeds, or lake beds. This process is used for various purposes including agricultural, industrial, residential, and infrastructural development.
A Municipality Utility District (MUD) is a special purpose district designed to provide utility services such as water, sewage, drainage, and sometimes other services to a limited geographic area. Established as a municipality rather than a private entity, MUDs can leverage lower interest rates available to municipal bonds to finance infrastructure development.
