Help Me Understand "Redevelopment District" in Commercial Real Estate
I am looking at a piece of property in an up and coming area and the building is zoned RDV. Is there benefits, drawbacks, etc., to an area with this designation? 
[{"id": "cggmbzt", "text": "More likely benefits such as tax abatements on new developments and easier permitting.", "replies": [{"id": "cggn49e", "text": "Thanks very much. A quick google search based on your input paints a clearer picture for me. Commercial real estate is a foreign language to me.  I'm purchasing a fairly dilapidated restaurant and I'm not seeking representation, just using an attorney to handle closing as a means to offset costs. The building has never held a license to sell alcohol- do you think \"easier permitting\" could translate into something beneficial in this regard or are those not really relevant to one another?", "replies": [{"id": "cggo9us", "text": "Liquor licenses are tricky since they're different for different jurisdictions. It could be the licenses are limited in number and are issued to specific properties. In that case you'll probably have to buy the license off someone and transfer it. ", "replies": [{"id": "cgie3bd", "text": "Pandortree is right. Liquor licenses are a peculiar beast that even many people who work in real estate for a living will not be too familiar with unless they work with bars and restaurants on a regular basis.\n\nMost cities should have attorneys that do liquor license permitting on a regular basis. It's definitely in your best interest to work with someone who already has experience in this area, as they will be able to tell you off hand what the different types of liquor licenses are, how much they cost, how difficult they are to get, and how long it will likely take. Don't go to a different type of attorney and have them research this from scratch...", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "cggowuf", "text": "Zoning is a very local issue that will vary a lot between different cities. Check with your local municipality to see what \"RDV\" zoning really means.", "replies": [], "depth": 1}, {"id": "ch1hdda", "text": "To piggyback on other comments here, I think you should see if there is a CRA committee or board who may be able to help you get that license. They don't issue them but often have some clout in respect to those who do issue licensing. For example, in my city the CRA advisory committee advises the CRA board which is literally just the city council in disguise operating under CRA. So, we, the committee, advise them on businesses who may be trying to \"invest\" in the area and can generally nudge them to swing one way or another on a decision regarding zoning codes or permits. Make sure to attend your licensing/permitting hearing too. It goes a long way!", "replies": [], "depth": 1}]