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<br />II. Public Financing <br />and Redevelopment <br /> <br />Prepared by Jim Casserly, Krass Monroe <br />& Roseville Community Development <br /> <br />Why Redevelop <br /> <br />. Proactive land use planning <br /> <br />. Furthers a comprehensive approach <br />. Allows change in land use <br />. Inappropriateness <br />. "Bad neighbors" <br />. Underutilization <br />. Encourages desired redevelopment <br /> <br />General Overview <br /> <br />. Why Redevelop <br />. Twin Lakes Proposal <br />. Public Financing Tools For Redevelopment <br />. Common Misconceptions about Tax <br />Increment <br /> <br />Why Redevelop <br /> <br />. Community investment <br /> <br />- Increases property values in redevelopment area and <br />surrounding areas <br />- Catalyzes private redevelopment and re-investment <br />in surrounding areas; <br />- Encourages local business expansion <br />- Creates jobs <br />- Reduces unemployment <br />- Reduces movement of skilled and unskilled labor out <br />of City <br /> <br />1 <br />