Cities Now Use Taxes to Fight Blight. Is It Working?

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Title : Cities Now Use Taxes to Fight Blight. Is It Working?
link : Cities Now Use Taxes to Fight Blight. Is It Working?

news-today.world | Land use experts question whether vacant property taxes are the right way to spur development.

It’s a scenario that plays out over and over in cities across the country: A small business in a hip neighborhood closes, the storefront is left empty for months -- maybe years -- and then eventually gets replaced by a national chain.

Whether it’s gentrifying Brooklyn, Greenwich Village in Manhattan orMiami Beach, the coffee shops, boutiques and eateries that drew many residents to those areas are struggling to stay.

But why?

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