The Springfield Redevelopment Authority is a corporate and political body established by the City of Springfield on June 24, 1960. Over the past fifty years, the Springfield Redevelopment Authority has been a key component in keeping the City of Springfield a vital place. Through broad development powers afforded by Section 46 of Chapter 121B, the Springfield Redevelopment Authority buys and sells property, acquires property through eminent domain, and constructs, finances and maintains properties throughout the City. The five member board is comprised of four Mayoral appointments and a Governor appointment. Since its creation 50 years ago, the Springfield Redevelopment Authority has been involved in more than 35 Urban Renewal Plans throughout the City.
The Springfield Redevelopment Authority serves the City of Springfield, using its resources to aid Economic Development for its residents:
3. Support meaningful economic development activities throughout the city with open and transparent governance.
The Authority has adopted a resolution to promote job creation for Springfield residents, in the area of construction, as well as permanent business employment at all of the parcels disposed for development by the Authority.
Adopted May 3, 2016