What is a primary benefit of streamlined reviews in redevelopment?

• A. They increase the required studies
• B. They raise fees
• C. They reduce approval time and costs
• D. They restrict changes

Answer: (C)

Streamlined reviews focus on speeding up the approval process by coordinating agencies, standardizing criteria, and allowing parallel processing. This reduces the time projects spend waiting for permissions and cuts back on duplicative work, which together lowers upfront and ongoing costs. In redevelopment, time is a major driver of financing and risk, so cutting both the duration and the cost of approvals makes projects more feasible and attractive to investors.

Other options would generally slow things down or add costs—more studies延 by requiring additional analyses, higher fees, or limiting changes—so they don’t represent the main benefit of streamlining.