An Introduction to Community Development a Guidebook for Local Leaders volume
An Introduction to Community Development a Guidebook for Local Leaders volume
Lawrence Gallagher
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Federal and state programs are now focusing on leveraging private dollars with limited grants; local government too, ought to channel its efforts in that direction. In order to do so, local government needs to understand what profit incen- tives are available to businesses in addition to: low interest loans; grants; good planning; adequate public services and off-street parking; long-term financing; technical assistance; a local development company; local government's interest in viability of b...usinesses; and tax incentives and reasonably priced 1 and . The Montana Urban Renewal Law allows local government to acquire private property land and improvements and resell to private developers at fair market value for purposes consistent with the plan. For example, assume that there is a need and market for a hotel/motel convention complex in the community and investor /developers interested in building it. Assume also that there are one or two blocks in the urban renewal 56 project area occupied by substandard, functionally obsolete, low-value buildings that have neither architectual nor historical significance.
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