What is redevelopment?

Redevelopment is a term used to describe the revitalization of an area or areas within a municipality that have been designated as an "area in need of redevelopment." It differs from traditional development in that the municipality plays a direct role in the redevelopment of the area by contracting with the redeveloper on all aspects of the redevelopment project - including:

  • What the project will look like
  • What it will contain
  • How quickly it will be constructed
  • What public or other infrastructure improvements will be included
  • What financial tax incentives will be provided to effectuate the project

Show All Answers

1. What is redevelopment?
2. What is an “area in need of redevelopment”?
3. What is the process to determine that an area qualifies as an “area in need of redevelopment”?
4. Doesn’t an “area in need of redevelopment” have a negative connotation?
5. What are the benefits for property owners located in an area in need of redevelopment?
6. What is a redevelopment plan?
7. What is the process for adopting a redevelopment plan?
8. What is a long-term tax exemption or payments in lieu of taxes (PILOT)?
9. What are the benefits of a payments in lieu of taxes (PILOT) to a redeveloper?
10. What are the benefits of a payments in lieu of taxes (PILOT) to the municipality?
11. Is the school district harmed by payments in lieu of taxes (PILOTs)?
12. Why would the Town need or want more apartments?
13. Will more development cause too much traffic and congestion?