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The EDO assists business, property owners and developers with redevelopment projects throughout the city. The City encourages and assists redevelopment of:
- Distressed business districts in eligible areas
- Transit oriented and supportive development along the transit corridors
- Brownfield sites
- Vacant big boxes
- The Center City
- Development opportunities on vacant and surplus City owned land
Additional information on City resources that assist in these developments, as well as on projects that are currently underway or already completed, is available by selecting the applicable topic on the right.
How Does the City Evaluate Projects?
The City developed the Sustainability Index as a tool to assist in evaluating its participation in these redevelopment projects. The Sustainability Index, guided by City Council's adopted Smart Growth Principles, examines projects for their conformance with various public policies.
Other Resources:
In November 2004, the voters of North Carolina approved Amendment One to the North Carolina Constitution which allows Self-Financing Bonds (SFB), otherwise known as Tax-Increment Financing. Self-Financing Bonds are intended to create districts around redevelopment projects that will address issues of blight, rehabilitation or conservation or economic development for the community. Self-Financing Bonds are paid back through the increment of increased tax value on the property as the redevelopment project progresses.
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The New World Economy - Become a Part of it Now!
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