The four Urban Renewal Area sub-areas have unique strengths and weaknesses, opportunities, and challenges. To focus investment, each sub-area has been classified with respect to where it falls within the "life cycle" of revitalization and reinvestment. This Action Plan uses three classifications — Nurture, Catalyze, and Support to help distinguish the level of investment each sub-area requires.
Nurture refers to those sub-areas that are not ready for full-blown revitalization; in these areas, actions are focused on "setting the table" through infrastructure investments, policy development, and site acquisition.
Catalyze refers to those areas that are ready for more robust investment, where judicious use of BURA funds can leverage and catalyze new development. Public funds can be essential to the financial feasibility of public/private partnerships.
Support refers to those areas that have become more successful, where new private investment is financially feasible without direct public investment. In these areas, BURA's actions will be different than in areas in the "Nurture" and "Catalyze" areas.