Neighborhood Enterprise Zones represent a proven strategy to help revitalize disinvested residential areas. But success requires a major, well thought out project to stimulate the redevelopment. And Heritage Hill residents have just that kind of project in their sights.
According to excerpts from the story:
City Administrative Analyst Haris Alibasic said for residential blocks to be granted a Neighborhood Enterprise Zone, a sector should have a catalyst project.
At least that has been the pattern for the first three NEZs the city has awarded. The most recent designation went to the residential area known as Turner Gateway, which runs along Turner Avenue between Leonard and Bridge streets on the near northwest side.
The Heritage Hill Association and Stratus Properties LLC have filed a NEZ application with the city for Heritage Square, an area just north of Cherry Street on the city’s southeast side. A zone designation could mean lower taxes for about two dozen properties situated north and south of State Street, just west of Lafayette Avenue and just east of Madison Avenue.
Read the complete story here.
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