58.1-3245.1 - Blighted areas constitute public danger. - Virginia Statutes

§ 58.1-3245.1. Blighted areas constitute public danger.

It is hereby found and declared that blighted areas exist in theCommonwealth, and these areas impair and endanger the health, safety, moralsand welfare of the citizens because commercial, residential and industrialstructures or improvements are subject to dilapidation, deterioration,inadequate ventilation, and inadequate public utilities. It is a publicpurpose to provide public facilities including, but not limited to, roads,water, sewers, parks, and real estate devoted to open-space use as that termis defined in § 58.1-3230 within redevelopment and conservation areas toencourage the private development in such areas in order to eliminateblighted conditions. It is essential to the public interest that governingbodies have authority to finance development project costs by using realestate tax increments to encourage private investment in development projectareas.

(1988, c. 776; 1990, c. 296; 1999, cc. 162, 190; 2006, c. 784.)