Village of Deer Park issued the following announcement on Dec. 11.
The proposed plan would enable the 10-acre area in the rear of Deerbrook Mall (the proposed REVA development site) to overcome a number of redevelopment barriers.
Kane McKenna and Associates, Inc. has been retained by the Village to conduct an analysis of the potential qualification and designation of the area as a “redevelopment project area” pursuant to the Tax Increment Allocation Redevelopment Act.
The Redevelopment Project Area (RPA) as a whole suffered from a variety of economic development impediments, such as inadequate utilities, excessive vacancies, deterioration, environmental remediation, deleterious layout or land use and obsolescence.
The RPA property valuations have declined and lagged behind the Village’s annual growth rates.
Click here to view the a draft of the TIF Redevelopment Plan
Original source can be found here.
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