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blighted area

   Also found in: Encyclopedia 0.01 sec.
Blighted Area
A location where multiple buildings are dilapidated or abandoned. Blighted areas are marked by low property values, crime and capital flight. Many municipalities take steps to reduce blight; for example, a city may offer a tax incentive for a business to move into a blighted area or a grant to repair a building. Some blighted areas, however, are considered to be beyond repair.

blighted area

A declining area suffering from seriously decreasing property values and not likely to recover without some outside intervention.More than simply a market slip,a blighted area can be identified by deteriorating buildings,increased crime rates,and decreased occupancies.



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If he spent more time in the blighted areas, he could speak more authoritatively.
[T]he court held that a taking to develop an economically blighted area was appropriate," Sotomayor asserted.
We will continue to work with the remaining land owners and businesses as we move forward with our plans to transform this blighted area into a center of economic opportunity and job creation," said Seth Pinsky, EDC's president.
 
 
 
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