blighted area

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.

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.

单词	blighted area
释义	blighted area blighted area Any area which has become an economic and aesthetic liability to a community. blighted area 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. 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.
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