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[QUOTE]Originally posted by New_Ventures: [QB] A few excerpts ................. http://www.ncdpartnership.org/projectoverview.htm#Vision Northwest Market Perceptions An increase in land values for properties in the proximity of the mixed use development, “City Place”, a $500 million dollar new urbanism development, has resulted in the perception that redevelopment of Northwest is just around the corner and this has resulted in land speculation. Minority home owners and senior citizens regularly complain of harassment from speculators contacting them in an attempt to acquire their land. Assembling Land for Community Development The CDC has developed a Land Reutilization strategy that eliminates land speculation throughout the neighborhood. While minority home and land owners in the area receive an opportunity to receive an equity stake in the redevelopment of Downtown Northwest. The Land Reutilization program is designed by the CDC to: Initiate and facilitate the transfer or sale of properties owned by minorities and other interested land owners to make their land available to the revitalization program in return for cash and–or some form of equity in the development of their property; Maintain properties in line with Code Enforcement policies and in consideration of the visual impact of the property on the neighborhood prior to its development and Administer the research and clearing of title on properties sold, transferred or traded in connection with the CDC's redevelopment and reinvestment program. [/QB][/QUOTE]
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