Downtown Redevelopment District

House Bill 233

Revitalize Your Community by taking Advantage of New Economic Development Tools!

Before & After Pictures

House Bill 233 empowers communities to create downtown redevelopment districts (DRDs) and innovation districts (IDs) for the purpose of rehabilitating historic buildings, creating jobs, encouraging economic development and supporting technology-oriented businesses.

inSITE can facilitate your process through the following stages of creating a Downtown Redevelopment District.

  1. Historic Preservation Certification or Identification
  2. DRD and Innovation District Economic Development Plan
  3. Adopt a DRD Financial Model
  4. Build a DRD Innovation District
  5. DRD District Ordinance and Public Hearing
  6. DRD Agreements & Annual Reporting

 

To read the full text of House Bill 233, please click here.

Contact the inSITE Team at DRDinfo@insiteadvisorygroup.com to see if you qualify.