The Portland Tribune’s 6/12/08 article, by Steve Law, on urban renewal areas, When Will They End?, was an astonishingly good read. (Law librarians are admittedly wonkish, but still, if you want to know what an urban renewal district is, this story was riveting, and kept me occupied the length of a long morning commute (including fellow passengers who also seemed interested (maybe morning commuters are also a wonky and an alert bunch :-))
Excerpt:
“… Under Oregon’s system, cities and counties create an urban renewal district, and “freeze” the property taxes in the district going to schools and other local governments. Any property taxes derived from new development or rising property value go to urban renewal authorities….” (full story)