tax breaks for downtown revitalization

How do cities bolster their downtowns? Would a tax break via an economic disaster zone help? The tax breaks could take the form best for the taxing jurisdiction. This could be breaks on property taxes, business taxes, or incentives for local banks to refinance commercial real estate loans to avoid foreclosures. Look to Detroit as a roadmap for these tax incentives.

Governing | Smarter, Targeted Tax Breaks That Could Help Resuscitate Central Cities