Why would I, a property/business owner, want to be included in an urban renewal area? What will the urban renewal plan do for me?

Owners and businesses benefit from public and private commitments and investments through association and proximity. LURA provides financing for projects that further revitalize, create jobs, improve property values, generate new tax dollars, and ensure investment in public amenities such as infrastructure and public art.

Show All Answers

1. About LURA
2. What is urban renewal?
3. What is "blight"?
4. What is Tax Increment Financing?
5. What is LURA's role in the community?
6. Why is urban renewal important?
7. What financing is available through LURA?
8. Does being in an urban renewal area affect my property tax or property value?
9. Why would I, a property/business owner, want to be included in an urban renewal area? What will the urban renewal plan do for me?
10. Does LURA only work on redevelopment and demolition projects?
11. How long does urban renewal last?
12. How can I get in contact?