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Committee advances bill to encourage mixed‑use redevelopment of malls, expands scope to brownfields and grayfields
Summary
The House Local Government Committee voted 15-11 to advance House Bill 14 46, renamed the Economic Development and Mixed Use Redevelopment Act, which creates an advisory committee and authorizes local tax abatements for large mixed‑use redevelopment projects; an amendment broadened the bill to include brownfields and grayfields.
House Bill 14 46, sponsored by Representative John Siegel, would create the Economic Development and Mixed Use Redevelopment Act to encourage redevelopment of shopping malls and other underutilized large commercial sites into mixed‑use projects, including affordable housing.
The bill would create an Economic Development and Mixed Use Redevelopment Advisory Committee within the State Planning Board to develop best‑practice guidelines and publish them on the Department of Community Development’s (DCD) website within six months of the act’s effective date. It also authorizes local taxing authorities to adopt tax provisions that exempt increases in assessed value attributable to eligible redevelopment construction, subject to local ordinance or…
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