The authority would be a subsidiary of the state's Urban Development Corporation.

Last year, the Urban Development Corporation received $3.1 million from the state.

He helped rescue the state's Urban Development Corporation from bankruptcy.

But not until three months ago did the city's partner - the state Urban Development Corporation - follow suit.

They added that the state's Urban Development Corporation would help to upgrade the factory.

Urban Development Corporations also exist, which deal with regeneration in already built-up areas.

He has already reduced the staff of the Urban Development Corporation to 304 from 408, or 25 percent.

He also served as the Urban Development Corporation's executive officer.

The Urban Development Corporation is moving forward with such a plan.

At the Urban Development Corporation, officials defend their conservatism as being in the public interest.