blighted area

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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.
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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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The appellate court rejected this argument because, under the Missouri Constitution, the legislature must enact laws expressly granting or necessarily implying that non-charter cities have the authority to "utilize eminent domain to eliminate blighted areas" for such authority to exist.
The incident has raised concerns that illegal off-roading is being pushed westwards as police clamp down on blighted areas such as the Berwyn mountains.
Another is focused on revitalizing vacant lots in some of Baltimore's most blighted areas.
This time, they must have the full authority of the Scottish Government and wholehearted support from local business leaders - and the financial teeth to draw new investment to the blighted areas.
In a few short years, Ogden has brought new life into a formerly decaying downtown area with a series of redevelopment projects in designated blighted areas.
THE North's largest local authority is to support a bid for cash from a national pot to help tackle the number of longterm empty homes and transform blighted areas.
Tax increment financing is a tool used to attract developers in order to restore blighted areas through private development.
According to researchers, the results were just as true in impoverished neighborhoods as they were in more affluent areas, offering one possible way of improving blighted areas.
And apart from magnificent facilities this Olympics should deliver the regeneration of one of the most run-down, blighted areas of the capital.
The lack of available finance and of profit-orientated developers gives the council the chance to promote a new wave of community enterprise and engagement by trialling pilot housing trusts in blighted areas.
Part environmental study, part social history, Anacostia is particularly fascinating in its stinging analysis of how programs promoting eminent domain and "urban renewal" meant to raze and replace alleged "slums" and "blighted areas" actually created slums by forcing people out of stable neighborhoods, then quickly assembling shoddy public housing east of the river, concentrating the displaced poor in an area that inevitably gave rise to crime and drug markets.