Redevelopment and Economic Development

Redevelopment began in Utah in the mid 1960's with the Utah Community Development Act. Its original intent was to fund the revitalization of downtown areas of communities through Tax Increment Financing (TIF). Tax Increment Financing allows the tax dollars collected for a redevelopment project area that are in excess of a "base year" tax amount to be paid to the redevelopment agency for purposes of "alteration, improvement, modernization, reconstruction, or rehabilitation...of existing structures in a project area" rather than the taxing entities.

More About Redevelopment and Economic Development - PDF
Utah Redevelopment Agencies - PDF
A History of Tax Increment Funds Taken by Redevelopment Agencies - PDF
Community Development and Renewal Agencies Act - Web Resource
Redevelopment Project Summary (1993-Present) - PDF
Redevelopment Agency Amendments (SB184-2005 General Session) - Web Resource
Redevelopment Agency Amendments (SB196-2006 General Session) - Web Resource

Updated March 26, 2008