Opportunity Space, a new company started by Harvard graduates Cristina Garmendia and Alexander Kapur, is helping local governments become more proactive about selling one of its most underutilized assets: real estate.
Municipal governments using the website enter data into a public database, and the data then becomes tied to a specific property. This way, you are able to click a property on a map and retrieve relevant information such as square footage, value and delinquent taxes. The goal is to make information more accessible to the public and simpler to use than similar, more expensive services like LoopNet and CoStar. The website is already in use in four Rhode Island municipalities and is undergoing major expansion.