The state law authorizing Renaissance Zones was first passed in 2001, and at the time, it didn’t account for a time in the future in which a city with lapsed participation in the program — due to changing political fortunes — might want to rejoin. Well, the law is headed for an update, and it’s giving towns and cities with lapsed programs another chance to rejoin.
The Renaissance Zone is a tax-abatement incentive program designed to encourage redevelopment in the core areas of our cities and towns. It is authorized through state law but requires municipalities to go through an application process to begin participation. Get the full story from Jack Dura with the Bismarck Tribune.
