Land Use & Zoning
Missouri's 'Chapter 353' urban redevelopment benefits developers primarily through:
AFree land from the government
BProperty tax abatement for a specified period in designated blighted areas✓ Correct
CReduced licensing fees from MREC
DGovernment-guaranteed construction loans
Explanation
Missouri Chapter 353 allows municipalities to designate blighted areas and grant real property tax abatements (typically 100% abatement for 10 years, then 50% for 15 years) to attract private investment for redevelopment.
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