The RTA is an economic development incentive created by the State for local governments to use to encourage the reuse, expansion, improvement and renovation of existing buildings. Incentives such as the RTA, can be necessary tools to improve older, vacant, blighted or underused properties that would not generate adequate returns on their investments through regular market conditions.
The City-Parish sees the importance of the RTA as a tool to encourage investment in older neighborhoods and encourage infill development through rehabilitation and reuse of buildings. Resolution 26014 established a policy for the City-Parish to participate in this program as the “local governing authority” and Ordinance 15823 amended the policy and authorized the Planning Commission to receive and process applications.