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).]
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
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.