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+"Official" Advice
+-----------------
+`packages <http://flask.pocoo.org/docs/0.10/patterns/packages/>`_
+`blueprints <http://flask.pocoo.org/docs/0.10/blueprints/>`_
+
+
+
+How does Django do it?
+----------------------
+:: 
+  INSTALLED_APPS = (
+  )
+
+Django avoids the circular import by using a different routing system (non-decorator). I (Terrel Shumway) actually like this better: The code is not cluttered by stuff that can change easily (routing). My sense is that Blueprints may take care of this in Flask, but I am too new to say anything definite.
+
+
+Other Answers
+-------------
+ * https://www.digitalocean.com/community/tutorials/how-to-structure-large-flask-applications
+ * http://mattupstate.com/python/2013/06/26/how-i-structure-my-flask-applications.html
+ * https://github.com/mattupstate/overholt
+