Eligible Redevelopment Costs

Costs Allowed for Reimbursement

Only certain costs are allowed to be reimbursed to a private developer or a company under the state legislation. Such eligible costs include:

  • Certain financing costs
  • Costs associated with the acquisition of land (e.g., site preparation, environmental remediation, etc.)
  • Costs of construction of public works or improvements (e.g., streets, water, sewer, etc.)
  • Costs of job training and retraining programs
  • Costs of rehabilitation or repair of existing public or private buildings
  • Costs of studies and surveys
  • Relocation costs

Ineligible Costs

The most significant costs that are not eligible are the costs of new, private construction and the purchase of equipment.