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How Does Being in a Redevelopment Project Area Benefit a Resident or Property Owner?

Redevelopment is one of the most effective ways to breathe new life into deteriorated areas plagued by social, physical, environmental or economic conditions, which act as a barrier to new investment by private enterprise. Through Redevelopment, a project area will receive focused attention and financial investment to reverse deteriorating trends, create jobs, revitalize the business climate, rehabilitate and add to the housing stock, raise property values, and gain active participation and investment by citizens which would not otherwise occur.