Posts Tagged ‘downtown development’

Legal and Business Reasons Why Downtown Development Programs Should Involve Secured Loans—Not Grants

Tuesday, September 19th, 2017

Dr. Blaine Beeper is a retired hospital administrator who was recently elected to council in the Town of Bushwood. Dr. Beeper thinks he has figured out how to jumpstart revitalization of Bushwood’s historic downtown. He proposes for the Town to offer annual cash grants to any owner who redevelops a commercial property within the downtown. […]

Conveyance of property in a public-private partnership for a “downtown development project”

Thursday, June 22nd, 2017

[UPDATE: Effective January 1, 2021, G.S. 160A-458.3 was moved to new Chapter 160D and the powers were made available to counties as well as municipalities. The new statute pertaining to downtown development projects is G.S. 160D-1315.] Downtowns across America are experiencing a renaissance. Population growth in downtowns has outpaced growth in the broader regions in […]