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Student Corner: Historic mill redevelopment — Renfro Mill (Mt. Airy, NC)

March 21, 2013

As has been described in previous posts (here and here), Historic and Mills Bill tax credits have been important tools for redevelopment across North Carolina. Redevelopment of an historic structure can serve as a catalyst for revitalization and economic development in communities of all sizes. Mill … Read more

Student Corner: Downtown Redevelopment-Rocky Mount’s Douglas Block

February 13, 2013

Over the last 20 years, the City of Rocky Mount has struggled to attract private investment into downtown. The Douglas Block project in Rocky Mount is an example of city-led redevelopment using creative financing to catalyze development in a distressed area. Rocky Mount is located roughly one hour e … Read more

Financing Capital Projects—Part II: Special Levies

January 29, 2013

Blight City has fallen on hard times. Its population has declined significantly since the 1990s, due in large part to the shuttering of two large manufacturing plants. Emblematic of the city’s decline is its central downtown area. Once a vibrant community center, it is now comprised mainly of run-do … Read more

Economic Development through Higher Education Downtown

October 4, 2012

Bulldogs, Quakers, Titans, Lions, Spartans, Panthers, a Phoenix, even Belles. Guilford County is home to a menagerie of mascots representing various institutions of higher education, but only one, the aptly named Phoenix belonging to Elon University, has a physical presence in downtown Greensboro. W … Read more

Funding Capital Projects in a BID (Business Improvement District)

March 29, 2011

Kara Millonzi is a School of Government faculty member. As discussed in a previous post, a North Carolina municipality may establish a special tax district that encompasses its central downtown area to raise money to fund “downtown revitalization.” See G.S. 160A-536(a)(2). The special tax district i … Read more