No. 2016 designating the NNDA, declaring the NNDA to be blighted, approving a development plan and conditions under which relocation payments will be made, and establishing an allocation area for purposes of TIF

Home Browse Search

negative economic and social forces beyond its control. Loss of middle -class families, slow job growth and concentrated pockets of poverty are some of the broad - ranging problems that have brought this and other urban residential areas like it into long periods of steady decline. The visible result is deterioration of the physical landscape, including insufficient home improvement investment, inadequate code compliance, increased renter occupancy, absentee landlordism and swaths of vacancy. The Development Area Plan proposes a comprehensive series of strategies intended to reverse the decline evidenced in the Northeast Neighborhood. Livability of the neighborhood's residential areas will be addressed in tandem with restoring economic viability to the commercial centers, as one will necessarily impact the other. Effective vehicular and pedestrian circulation patterns will be considered in all sub -area planning, and context - sensitive design concepts will guide all major development and redevelopment activity. The designation of the project area as both a Development Area and a tax increment financing allocation area ( "TIF district ") will provide the tools and funding mechanisms to achieve the goals of the Plan. The Plan divides the Development Area into several sub - areas, each with a clear geographic description in relationship to the neighborhood and a refinement of the redevelopment goals and strategies to be undertaken. The sub -area plans are not weighted or prioritized, as implementation will initially depend on private sector outlays and/or stakeholder organization activity. Sub -area plans are not necessarily interdependent, maximizing the potential for success even if some initiatives take longer to commence or if the commitment of private resources required cannot be realized. Yet sub -area plans should not be considered in isolation from one another, nor out of context of the overall goals of the Development Area Plan. It is likely that more detailed sub -area plans will be drawn from the goals and strategies outlined below as actual projects are defined by developers and investors. C. Sub -Area Overview The Development Area Plan is intended to set forth a realizable, cohesive direction for all anticipated growth and development within the neighborhood. Within the context of the Plan, sub -areas have been identified which warrant particular consideration, either in terms of the development challenges they pose or the opportunities they present. Institution- backed development plans for sub -areas that are broadly supported by neighborhood residents are included in the Development Area Plan. Through the 14