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