What are the benefits of redevelopment for Arcadia?
Redevelopment is an effective way to help improve the overall quality of life in Arcadia. It allows the City to address issues of physical deterioration, revitalize the business climate and rehabilitate and add to the housing stock. Redevelopment encourages new investment by private developers that might otherwise never occur, thus providing the community with a stronger economic base. The resulting increase in sales tax and other local revenues can then used by the City to help provide a higher level of municipal services, including public safety, recreation, human services and maintenance. The Arcadia Redevelopment Agency sees its role as “investing” in the community. It does this through financial assistance to businesses and by paying for various public improvements. Over the years, the money invested by the Agency for operational costs, business assistance, and infrastructure projects has generated additional local revenues greater than the amount spent.
