hin which an assessment of the needs of an area is the first step (Bennett, 1990, pp. 32, 75-76). The needs assessment must assure that the future invented is the one most beneficial for the area, and which will be supported by the area's residents.
Cost-Benefit Analysis and Externalities
Cost/benefit analysis is the tool most often used in the to assess the merits of public projects, whether they be the protection of the environment, job retaining programs, public housing location, or whatever (Levy, pp. 284-349). Benefit/cost analysis is a technique that purports to identify and evaluate the social benefits and social costs of an investment. In the context of public housing location policy, the term investment is used in a
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