THE P3 PROCESS:

P3 WILL ANALYZE HOW MUCH ADDITIONAL PROPERTY AND/OR SALES TAXES MAY BE GENERATED ONCE THE REDEVELOPMENT IS COMPLETED. 

In either case, P3 must determine the need for financial assistance and the new tax revenue that is created must be used for improvements that have a public benefit and that support the redevelopment effort, such as:

Site clearance

  • Streets

  • Utilities

  • Parks

  • The removal of hazardous materials or conditions

  • Site acquisition