Transformative development definition

Transformative development means redevelopment on a scale and of a character capable of catalyzing significant follow-on private investment, leading over time to transformation of an entire downtown or urban neighborhood and consistent with local plans. Transformative development may involve major investment in new construction, rehabilitation and adaptive reuse or multiple smaller investments on a sustained basis. [PL 2015, c. 362, §1 (NEW).]
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Transformative development means redevelopment on a scale and character capable of 660 catalyzing significant follow-on private investment, leading over time to transformation of an 661 entire downtown or urban neighborhood, and consistent with local plans. Transformative
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Transformative development means redevelopment on a scale and character capable of catalyzing significant follow-on private investment, leading over time to transformation of an entire downtown or urban neighborhood in a way consistent with local plans. Transformative Development may involve major investment in construction, rehabilitation, and adaptive reuse, or multiple smaller investments on a sustained basis.
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Related to Transformative development

  • Infill development means new construction on a vacant commercial lot currently held as open space.

  • Planned development means a real property development other than a community apartment project, a condominium project, or a stock cooperative, having either or both of the following features:

  • Economic development means all powers expressly granted and reasonably inferred pursuant to SDCL § 9-54.

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • Mixed use development means a building, combination of buildings, or building complex, designed to functionally and physically integrate non-residential uses such as retail, commercial, institutional, recreational, or community uses with residential uses, in a complementary manner.