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Menu of Tool Topics (Choose 4 out of the 11 listed)

Menu of Tool Topics (Choose 4 out of the 11 listed). Goal #2: Help Existing Places Thrive Strategy B: Encourage Private Sector Investment. Strategy B: Encourage Private Sector Investment. Goal #2: Help Existing Places Thrive.

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Menu of Tool Topics (Choose 4 out of the 11 listed)

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  1. Menu of Tool Topics(Choose 4 out of the 11 listed)

  2. Goal #2:Help Existing Places ThriveStrategy B: Encourage Private Sector Investment

  3. Strategy B: Encourage Private Sector Investment Goal #2: Help Existing Places Thrive Remove barriers and provide incentives to encourage private sector investments in places and development types matching regional and community visions. Tools and Policies • Infill development incentives • Overcoming barriers to infill • Redevelopment readiness certification • Split-rate tax

  4. Strategy B: Encourage Private Sector Investment Overcoming Barriers to Infill • Involves smaller projects in developed areas • Existing codes and ordinances may make infill difficult • More costly than development in “greenfield” areas due to lack of economies of scale and/or complexity • Implement policy changes &incentives to support infill Goal #2: Help Existing Places Thrive

  5. Strategy B: Encourage Private Sector Investment Benefitsof Overcoming Barriers to Infill • Builds on prior public investments • Limits need to consume farmland and open space • Places new development closer to established stops Goal #2: Help Existing Places Thrive

  6. Strategy B: Encourage Private Sector Investment Example of Overcoming Barriers to Infill Land of Sky Regional Council, NC • Used EPA grant to evaluate conditions in 4-county region & examined how to overcome barriers • Identified 6 important barriers& possible solutions • Cities/counties working toremove barriers Goal #2: Help Existing Places Thrive

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