“In New Jersey, a Redevelopment Area is correlated to the topic of, What to do with blight? More specifically, Redevelopment Areas relate to blighted areas. Areas where, once that blight has been redeveloped, revitalization of the community as a whole takes place.
In a designated Redevelopment Area, a municipality's goals could be focused upon transitioning now non-performing residential, commercial, and industrial properties to vibrant community assets. The pursuit of which takes on a community-centric theme. Renovations. Repurposing properties. And reconstruction too. Each of these being goals pursuant to redeveloping non-performing properties in designated Redevelopment Areas.”
―
Thinking About Becoming a Real Estate Developer?
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