Does being in an urban renewal area affect my property values?
It can affect your property values, and more often than not, in a positive way. Frequently, when an urban renewal area is designated, property values increase. This happens because many times private individuals begin to purchase land (speculation) in anticipation of both, future development and increased property values. It also happens because properties located within an urban renewal area are often perceived by the development community as valuable because of the availability of financial incentives which are not available outside the district.

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1. What is an Urban Renewal Authority?
2. What is the purpose of an Urban Renewal Authority for Avon?
3. What is an Urban Renewal Plan?
4. What is the Main Street Redevelopment Project?
5. What is a Conditions Survey (Blight Study) and why do one?
6. What is Tax Increment Financing (TIF)?
7. Can TIF always be used to finance a project?
8. If an area is described as “blighted” what does that mean?
9. What is the legal definition of a blighted area?
10. Why would I, a property/business owner, want to be included in an urban renewal area?
11. Does being in an urban renewal area affect my property values?
12. Does being in an urban renewal area mean my property will be condemned?
13. Who decides what the final urban renewal plan will look like?
14. If my property is in an urban renewal area, what flexibility do I have to improve it?
15. What is the process for establishing an urban renewal area and advancing and urban renewal plan?