Tag: redevelopment
Crowdfunding for Historic Redevelopment
Crowdfunding or the act of raising investment dollars locally within a community can be traced in North Carolina to the early 20th century and potentially even earlier. Many of our community’s most iconic buildings were developed with financing provided by local residents. In early 1921, a committee … Read more
Student Corner: Land Revitalization and Brownfield Grants
The Environmental Protection Agency’s Brownfields Program has the power to transform communities. Since 1995, the federal program has assessed over 30,000 properties and designated 92,000 acres for anticipated reuse. North Carolina has been working in tandem under state statute since 1997, and has i … Read more
Student Corner: Flexible Opportunities in North Carolina’s Brownfields Program
In the past the CED blog has explored the basics of brownfields programs in North Carolina, how they are administered and implemented, and their role in revitalizing communities. In this edition, we’re looking at two innovative facets of the state Brownfield’s program that were developed to better r … Read more
Follow Procedures Prior to Acquiring Property for Redevelopment
The Town of Renewville has ambitious redevelopment plans for several key—but tired and/or underdeveloped—properties along its Main Street. As we know from a prior post examining the limited situations in which a local government may discuss property acquisition in closed session, the Renewville town … Read more
Student Corner: Primer on Brownfields Redevelopment
The redevelopment of brownfield sites can be difficult. These sites, which are contaminated to some degree with harmful substances usually due to prior industrial use on the site, pose challenges to redevelopment beyond those of a typical project. However, the reuse of these sites can be a boon to e … Read more
Sale of Historic Structures by NC Local Governments for Redevelopment
Almost ten years ago, in the town of Bushwood, North Carolina, the “generous” owner of the historic textile mill building just off Main Street donated the property to the town (it was difficult to maintain and the owner didn’t want to pay property taxes on it any more). The town accepted the propert … Read more
Acquiring real property for redevelopment—can local governments keep it confidential?
The town of Renewville wants to improve the look of its downtown Main Street, which is pocked with poorly-maintained commercial buildings. The Mayor has had his eye on a few key properties on Main Street, which, if redeveloped, would transform the look and feel of downtown, perhaps spurring addition … Read more
How a North Carolina Local Government Can Operate a Land Bank for Redevelopment
If America’s cities and towns are to realize their greatest potential as attractive and welcoming places—and as drivers of the new American economy—they must be able to repurpose their vacant, abandoned and foreclosed properties. Those properties—whether the product of the current foreclosure crisis … Read more
Student Corner: Historic mill redevelopment — Monroe Hardware Warehouse (Monroe, NC)
Historic and Mills Bill tax credits have been important tools for redevelopment across North Carolina. A recent post (here) profiled the use of historic credits on a redevelopment project in Durham, NC. Redevelopment of an historic structure can serve as a catalyst for revitalization and economic de … 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