Financing Redevelopment; City Support for Private Projects

Financing redevelopment for private projects is sometimes in the best interest of small city and town yearning for new infill and redevelopment investments. The city’s vision of being an interesting, pleasant and prosperous place to live includes new and re-purposed uses and activities to its downtown and neighborhoods. Especially in built-out towns, infill and redevelopment are the only ways to prune marginal uses and enable investors to upgrade existing buildings, add new buildings and enhance the town’s social, physical and economic environment. In addition, redevelopment of the town’s blighted, marginal and otherwise unproductive places increases the tax base directly and indirectly. Cities also use special districts with overlay zoning codes to enable city officials and property owners to make investment decisions about the future of their area, including new taxes and fees for district improvements.

[embeddoc url=”https://www.charactertowns.org/wp-content/uploads/2016/01/Financing-Redevelopment.pdf” download=”all” viewer=”google”]