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II. Public Financing <br />and Redevelopment <br />Prepared by Ji�n Casserly, Krass Monroe <br />& Roseville Community Development <br />Why Redevelop <br />■ Proactive land use planning <br />■ Furthers a comprehensive approach <br />■ Allows change in land use <br />■ Inappropriateness <br />■ "Bad neighbors" <br />■ Underutilization <br />■ Encouragesdesired redevelopment <br />General Overview <br />■ Why Redevelop <br />■ Twin Lakes Proposal <br />■ Public Financing Tools For Redevelopment <br />■ Common Misconceptions about Tax <br />Increment <br />Why Redevelop <br />• Community investment <br />— Increases propertyvalues in redevelopmentarea and <br />surrounding areas <br />— Catalyzes private redevelopment and reinvestment <br />in surrounding areas; <br />— Encourages local businessexpansion <br />— Createsjobs <br />— Reducesunemployment <br />— Reduces movement of skil led and unskilled labor out <br />of City <br />��� <br />