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Redevelopment

Vibrant communities find that in order to prepare for the future, their economic development focus must include redevelopment of older neighborhoods and commercial corridors. Redevelopment breathes new life into areas where social, physical, environmental or economic conditions may be barriers to new investment. A community can overcome these barriers by successfully leveraging public incentives that attract private investment. The Land Clearance for Redevelopment Authority (LCRA) is the tool of choice in many communities. Used in Lee’s Summit since 1961, LCRA encourages existing property owners to make significant investment in their properties while also attracting new investment by others, including the public sector. Redevelopment using LCRA helps realize a higher, more productive use of property while addressing issues of blight and community aesthetics. For further information and advocacy to repurpose under-utilized land or buildings, contact us at 816-525-6617.

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