Redevelopment in Ogden is governed by the Redevelopment Agency (RDA) and is used to encourage private investment in blighted areas of the community or areas with a demonstrated need for economic development. Targeted project areas are usually less than 100 acres in size and take between three and six months to establish. Priority development activity within these project areas may be eligible for financial assistance provided by the agency.
Once a project area is created, the agency may assist in the acquisition of property or in the development of the site. The RDA has the ability (with approval of a committee comprised of representatives of various taxing entities) to receive a portion of the property tax revenue paid on new improvements constructed in the project area. This is referred to as tax increment financing and allows the RDA to financially assist in the development of projects. Providing financial assistance is limited to those projects that the RDA determines are important in building the community and help the City reach its development goals. The RDA may use up to 20% of the tax increment generated by an economic development or redevelopment project area to encourage the development of affordable housing throughout the community.