Status | Strategy | Summary | Comments |
---|---|---|---|
In Progress | 2.4.1 | DPD will work with HCD and their existing neighborhood-level commercial revitalization initiatives to support locally-owned small businesses to address financing needed for building upgrades and façade improvements, improving access to low interest loans and grant opportunities and providing business management counseling. |
On-going. |
Completed | 2.4.2 | A proactive Environmental Team (E-team) should partner with neighborhoods to aggressively use the Tennessee Nuisance Law and the Neighborhood Preservation Act to address problem properties. |
The E-Team, made up of various groups working in environmental remediation, meets on a periodic basis and works to use various strategies to combat blight and abandonment |
Initial Stage | 2.4.3 | Amend ordinances to add a maintenance code that sets higher standards for privately and publicly-owned property including maintaining the original transparency of commercial building fronts and retaining appropriate front and rear external lighting regardless of occupancy. |
This strategy has not been addressed to date. |
Completed | 2.4.4 | Aggressively pursue large scale redevelopment opportunities using either the existing Shelby County Land Bank or a newly created joint Memphis-Shelby County Land Bank. |
Shelby County Land Bank markets surplus city and county properties and now makes it easier for prospective buyers to select properties. Learn more here. |
Initial Stage | 2.4.5 | The Land Bank Office should prepare a study of revenue gained from the outright sale of tax delinquent properties vs. if the property is freely gifted to county government to sell for use in a redevelopment project and returned to the tax rolls with a higher assessed value due to its revitalization. |
This strategy has not been pursued, as it has the potential for abuse. This idea must be explored further. |