B) Explain what redevelopment eminent domain is and how it differs from other public sector powers of eminent domain. For what purposes would a redevelopment agency use eminent domain?
Eminent domain can be defined as using the power by state authorities
A) In order for redevelopment to take place blighted conditions must exist. Discuss three different types of blight one might encounter in a redevelopment project area?
1. Physical Blight It is related to the deteriorariting or wasteful usage of the land
A) Discuss some of the impacts of tourism on the local and global economy?
Tourism improves the local as well as global economic activities. It employes a large number of people (almost 235 million worldwide) and generates 9.2 % of global GDP
2) Property based business improvement districts
A) Describe what a property based business improvement district (PBID) is and when would it be necessary?
A Business Improvement District (BID) is a financing technique by which revenue is generated and us
C) Describe how tax increment financing (TIF) is calculated and what are some of its user?
TIF is used by the local and state governments to improve development in the economically weak areas. The local government borrow money against the future tax reven
B) How is a PBID financed?
There can be an association of the business owners created who can collect funds from all the business shops (say on the basis of per square footage) and then invest this money for improvement of public amenities or public infr
B) Explain how tourism is an invincible export clarifying direct expenditure, indirect expenditure and included expenditure?
Tourism attracts lot of people from other places including foreign coutnries and bring improvement int he local economy. As forei
C) What are some of the activities a PBID can undertake?
PBID can take many types of activities. It can be used to provide safety to the area by hiring guards. It can help in arranging information ambassadors who can publish flyers about the events or sho
C) Which local taxes are impacted by tourism and what are some of the uses to which they can be put, other than regular fund expenditures?
Transient Occupancy Tax
Sales Tax - Tourism results in lot of business activities taking place in the vicinity and