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Basics of Urban Renewal Law <br />Objective of Urban Renewal Law (URL) is <br />elimination of blight and urban renewal tools, <br />including tax increment financing (TIF) <br />financing, may only be used in areas where <br />such a finding has been made <br />For such areas, the LRC may adopt an “urban <br />renewal plan” and undertake one or more <br />“urban renewal projects” <br />13 <br />