Real Estate - Providence, Rhode Island, United States
The focus of the Redevelopment Agency is the elimination and prevention of blighted and substandard areas. The Redevelopment Agency is also granted broad power to foster economic development in substandard and blighted areas.Historically, Redevelopment Agencies across the country have used their broad powers to acquire properties and clear large tracts of land for redevelopment, based on their purpose of the elimination of blight.Today, conditions have greatly changed. Fewer dollars are available for large-scale projects. Therefore, the Agency is taking a more nuanced approach to redevelopment which fosters neighborhood revitalization and private investm