Economic Development seeks $39M to pre‑fund private development loans across seven TIDs
Economic Development proposed adding about $39 million to the SIP to create available private‑development loan capacity across seven TIDs, plus $5.6M for Royster Corners pre‑development and $4M for land‑banking in TID 42.
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Director Mikalajewski told alders the EDD will include approximately $39,000,000 in the capital improvement plan to pre‑position funds for private development loans across seven tax‑increment districts, a change intended to reduce the number of budget amendments requested in‑year.
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