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How New Law Affects <br />Redevelopment <br />^ Increased Costs <br />/Compensation requirements in law <br />(attorney fees, loss of going concern, <br />relocation, etc) <br />/Overall may need to pay more than <br />FMV to "hold out" owner <br />^ Can no longer do ~~friendly" <br />condemnation <br />How New Law Affects <br />Redevelopment <br />^ Redeveloping shopping/strip <br />centers or office complexes will <br />be nearly impossible even if <br />there is a willing seller <br />/If long-term leases, cannot require <br />tenants to move unless you condemn <br />leases and meeting blight test is <br />required <br />ao <br />