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What is redevelopment?

Redevelopment is a tool created by state law to assist local governments in eliminating blight from a designated area, as well as to achieve the goals of development, reconstruction and rehabilitation of residential, commercial, industrial and retail districts.

Examples of redevelopment tools:

• Ability to assemble land for development
• Ability to utilize tax increment and issue bonds
• Ability to invest in infrastructure to "lure" private enterprise
• Ability to create affordable housing opportunities

Redevelopment is a locally driven activity that assists local governments in revitalizing their communities. Redevelopment encourages new development, creates jobs and generates tax revenues in declining urbanized areas by developing partnerships between local governments and private entities. Over 400   California cities and counties have adopted local redevelopment plans.

Redevelopment can help your community implement a revitalization effort for your downtown, neighborhood or industrial areas. Redevelopment plans are locally created and adopted so they can respond to your community’s unique needs and vision.

Redevelopment plans have helped communities such as yours to:

• Attract new jobs and businesses;
• Create more affordable housing;
• Stimulate private reinvestment in local neighborhoods and businesses;
• Reduce crime;
• Stimulate development of downtown improvement programs;
• Stimulate private investment and help rehabilitate homes and businesses;
• Build or improve roads, utilities and public facilities;
• Revitalize waterfronts and surplus military bases;
• Preserve open space;
• Transform hazardous waste sites (called brownfields) into productive uses;
• Create, adopt and/or implement specific plans; and
• Initiate and fund comprehensive planning efforts.