This presentation provides an overview of Downtown Redevelopment Districts, a newly-created economic development incentives tool.
Downtown Redevelopment Districts operate much like tax increment financing areas but offer several exciting usage opportunities aimed at downtown rehabilitation and revitalization.
This presentation will also outline a new exemption offered to property-under-development and several other recent legislative changes of concern to developers.
Attendees will gain an understanding of how to use downtown redevelopment districts and the new property-under-development exemptions, and the impacts of recent changes to CRA exemptions and covenant-not-to-sue exemptions.