§8-13B-2. Legislative findings and declaration of purpose.
The Legislature finds that many downtown business districts
within the municipalities of this state are economically depressed.
This adversely affects the economic and general well-being of the
citizens of those municipalities. Establishment of downtown
redevelopment districts within municipalities of the state, in
accordance with the purpose and powers set forth in this article,
will serve a public purpose, and promote the health, safety,
prosperity, security and general welfare of all citizens in the
state. It will also promote the vitality of retail business areas
within municipalities, while serving as an effective means for
restoring and promoting retail and other business activity within
the downtown redevelopment districts created herein. This will be
of special benefit to the tax base of the downtown municipalities
within which any downtown redevelopment district is created under
this article and will stimulate economic growth and job creation.