Economic Development
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What are the Community-wide benefits of Redevelopment?

The positive effects of redevelopment that extend outside the project area include:

  • More job opportunities (retail, service, office, and/or manufacturing jobs);
  • Construction jobs created by the development of new buildings and new infrastructure and the remodeling of existing buildings;
  • New cultural, shopping, and recreation opportunities within the community;
  • Modern dollars flowing into the city or county budget as a result of redevelopment activities (sales tax, hotel tax, and utility tax revenues) in order to provide greater public safety and services;
  • Reversal of the financial drain of the blighted area into a positive financial asset to the community.
  • Improvement of the area without increasing an individual's property taxes (unless there is change in ownership, new construction, or major remodeling);
  • Stopping the spread of deterioration and blight;
  • Improving the safety and environment of adjacent areas;
  • Restoration of community pride; and
  • Tax dollars are no longer diverted to meet the demands of a decaying area.