Public bidding is the favored method for government projects because it promotes competition, and guards against favoritism and corruption. Nevertheless, the Local Redevelopment and Housing Law (LRHL), N.J.S.A. 40A:12A-1 et seq, provides an alternate route pursuant to which the government can sell to and engage a hand-picked developer as part of a specific redevelopment plan if the property is designated an "area in need of redevelopment."