Land Use & Zoning
An Oregon city's 'Urban Renewal Area' designation is primarily used to:
APreserve agricultural land within the city
BRevitalize deteriorated or blighted areas through targeted investment, funded by tax increment financing✓ Correct
CRestrict new development to certain parts of the city
DCreate new residential neighborhoods on vacant land
Explanation
Oregon's Urban Renewal Areas allow cities to designate blighted or deteriorated areas for revitalization, funded through Tax Increment Financing (TIF). As property values rise within the urban renewal area, the tax increment is used to fund public improvements that stimulate private investment.
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