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26 <br />Ephesus Fordham Renewal <br />Potential Economic Development for Orange County <br />• Promotes a new and exciting destination for tourism. <br />• Generates opportunity to attract more affordable housing options. <br />• Creates more shopping, dining & employment opportunities here at <br />home, which reduces transportation & out - migration to adjacent counties. <br />• Identifies and improves critical infrastructure needs such as road <br />improvements, mass transit and storm water systems. <br />• Synthetic Tax Increment Financing (TIF) is a commonly used &successful <br />financial tool that regularly assists other North Carolina communities <br />promote local economic development and land use goals. <br />• Economic development offices with the Town and County should <br />collaborate on the recruitment of active investment clients and prospects. <br />