It's a program the city of Maryville began offering to encourage redevelopment in the community.
Construction crews were cleaning up the mess Wednesday after two homes were demolished near the campus in Maryville. It's part of the Campus Town Redevelopment Incentive Program.
"This is the first application to be approved. The two homes on 5th Street as well as the five mobile home units on the property will be demolished to make room for three new, two-story duplexes," said Greg McDanel, Maryville City Manager.
The program is something the city has been discussing and now it's become a priority.
"It's designed to encourage the removal of sub-standard structures in our community, as well as the redevelopment of new buildings east of campus," said McDanel.
"A lot of the houses have been in disrepair, so I think it's a good thing," said Jason Brown, owner of Jason Brown Roofing.
Property owners can apply for the program through the City of Maryville. Demolition and other building fees will be waived once the application is approved.
"For the waiver of tipping fees at the city's transfer station, as well as all redevelopment permits if a plan is submitted that benefits the community," said McDanel.
CTRIP is only available for houses between 4th and 12th Streets along the west side of Main Street.
"This is in the campus town overlay which is a pretty large area east of campus," said McDanel.
"I think it's a good program. The program was set up in a certain district in this area here which primarily became a rental type area for the college," said Brown.
"We hope that through this program we can improve the quality of student housing as well as the tax base," said McDanel.
The city council approved the incentive program for two years. After that, they will discuss its impact and whether or not to expand it to other areas.
The owner of the two properties was not available for an interview, but did say this program has made it easier to rebuild the properties he purchased nearly ten years ago.