development agreement

Isaac Kremer/ July 2, 2025/ / 0 comments

A legally binding contract between a property owner or developer and a local government; these agreements are used to establish rules, regulations, and conditions for a development project in exchange for public benefits; development agreements are typically used when municipalities are providing incentives for a given development project and may also place conditions on the development project. (Davis, 2025)

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About Isaac Kremer

IsaacKremer.com is the personal website of Isaac Kremer, MSARP, a nationally recognized leader in the Main Street Approach to commercial district revitalization with over 25 years of experience. Kremer, New Jersey's first certified Main Street America Revitalization Professional (MSARP), has served as founding executive director for organizations like Experience Princeton and the Metuchen Downtown Alliance, which won a Great American Main Street Award under his leadership. He recently became director of the Royal Oak Downtown Development Authority in Michigan.

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