Old gas stations will take center stage at the New Life for Closed Gas Stations conference.
Left to right: Garage Bar, Louisville, KY; Red Truck Bakery, Warrenton, VA.
The first ever New Life for Closed Gas Stations conference begins Tuesday, June 3, in Orlando, Florida. Gas station sites may be small, but they pack a big redevelopment punch for the neighborhoods surrounding them.
The number of gas stations in the U.S. has declined every year since 2002, and there were 23% fewer places to buy gas in 2012 than there were in 1994. Typically in highly-visible locations along commercial corridors, these sites can be an asset for investors and local governments who want to make a big impression with limited redevelopment dollars. Prominent locations and interesting architecture have made old gas stations attractive to investors seeking a strong sense of place to anchor up-and-coming blocks.