Issa says they are also looking at allowing much taller buildings outside the CBD, as a way to encourage development and redevelopment of outlying areas.

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It would have included the redevelopment of the Theatr Harlech, the development of an exhibition and conference centre, along with business units and student accommodation.

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In Greece, the region's only member of the European Union and its natural engine for economic development, there is a strong feeling that redevelopment cannot bypass Serbia.

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The most successful example of this case in recent years is the Low-Income Housing Tax Credit (LIHTC), the 1986 provision to the federal tax code that sparked a revolution in urban redevelopment and resulted in an upsurge of new organizations and activities to promote the development of low-income housing.

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Left abandoned for years, a Traverse City redevelopment committee recommended its destruction in 1998, until a group of local citizens and a development group stepped in with renovation plans.

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He also said that he had asked Shaun Donovan, the Secretary of Housing and Urban Development, to continue to work closely with governors, mayors and local officials of New Jersey and New York in identifying redevelopment plans for affected communities.

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