§ 45-31-4. Finding of obstacles to private redevelopment.
It is further found and declared:
(1) That it is impossible for private enterprise alone to remedy these conditions of blight
without the additional aids granted by this chapter;
(2) That these blighted and substandard conditions tend to further obsolescence, deterioration,
and disuse because of the lack of incentive to the individual landowner and his or
her inability to improve, modernize, or rehabilitate his or her own particular property
while the condition of other neighborhood properties remains unchanged;
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§ 45-31-4. Finding of obstacles to private redevelopment.
It is further found and declared:
(1) That it is impossible for private enterprise alone to remedy these conditions of blight
without the additional aids granted by this chapter;
(2) That these blighted and substandard conditions tend to further obsolescence, deterioration,
and disuse because of the lack of incentive to the individual landowner and his or
her inability to improve, modernize, or rehabilitate his or her own particular property
while the condition of other neighborhood properties remains unchanged;
(3) That, as a consequence, the process of deterioration of a blighted and substandard
area frequently cannot be halted or corrected except by redevelopment of the entire
area, or portions of the area; and
(4) That in many instances the private assembly of the lands in blighted and substandard
areas for the purposes of replanning and redevelopment is so difficult and costly
that it is uneconomical and, as a practical matter, impossible for individual owners
independently or collectively to undertake to remedy these conditions because of the
lack of the legal power necessary for, and the excessive costs involved in, the private
assembly and improvement of the real property of the area.