Why would the Town need or want more apartments?

Redevelopment represents more than just residential units. A thoughtful and well-planned redevelopment strategy allows us to control and drive the outcome of future development to bring our Master Plan Reexamination goals to fruition, prioritizing the downtown recommendations as a means to support its revitalization.

Designations

It’s important to note that these potential designations of the eight municipal lots, the Rialto property, and the Lord & Taylor sites do not necessarily mean that the Town will be proposing developments on any or all of these sites. Rather, by designating them all, it allows the Town to take a strategic approach to identify the best opportunities and locations for new parking solutions and revenue-generating residential, retail and commercial development; as well as planning for the possibility of a new firehouse, community center, and public plazas. As with the Master Plan, the Town will be seeking and encouraging public input into any proposed downtown plan.

Show All Answers

1. What is redevelopment?
2. What is an “area in need of redevelopment”?
3. What is the process to determine that an area qualifies as an “area in need of redevelopment”?
4. Doesn’t an “area in need of redevelopment” have a negative connotation?
5. What are the benefits for property owners located in an area in need of redevelopment?
6. What is a redevelopment plan?
7. What is the process for adopting a redevelopment plan?
8. What is a long-term tax exemption or payments in lieu of taxes (PILOT)?
9. What are the benefits of a payments in lieu of taxes (PILOT) to a redeveloper?
10. What are the benefits of a payments in lieu of taxes (PILOT) to the municipality?
11. Is the school district harmed by payments in lieu of taxes (PILOTs)?
12. Why would the Town need or want more apartments?
13. Will more development cause too much traffic and congestion?