What is urban renewal?

Urban renewal is a tool used by local governments across the country to address the deterioration and conditions of blight within urban areas. Urban renewal can be used for development and rehabilitation when blighted conditions act as a barrier. It is a method for restoring economic vitality and improving the health and safety of urban areas. 

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1. What is urban renewal?
2. What is Tax Increment Financing?
3. Why is urban renewal important?
4. Does the city offer economic development incentives for new retail projects or businesses that provide primary jobs?