Map of Pennsylvania highlighting Northampton County (Photo credit: Wikipedia)
The Bethlehem Revitalization and Improvement Authority is accelerating efforts to hire consultants so it can start accepting development applications in the summer.
The authority is tasked with implementing Bethlehem’s City Revitalization and Improvement Zone, which is expected to create $587 million worth of development. Bethlehem received the state economic development designation late last year.
Similar to Allentown’s Neighborhood Improvement Zone, the zone allows state and local nonproperty taxes from new development in the zone to help finance construction within it.
Read more: http://www.lehighvalleylive.com/bethlehem/index.ssf/2014/03/bethlehem_revitalization_autho.html
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