Hideout staff outline tax-increment outlook for Richardson Flat CRA

Consultants for the town presented a high‑level fiscal model on Oct. 9 for creating a Hideout Community Reinvestment Agency (CRA) and a potential project area covering the Richardson Flat annexation. The presentation, led by Rob Sant and Spencer Foster, outlined assumptions and the “tax increment financing” approach that would be negotiated with taxing entities.

The consultants said the model assumes about 120 developable acres of the 350‑acre annexation would build to roughly $3 million of building value per acre. That would yield a little north of $300 million in new taxable value, producing roughly $2.4 million in annual property tax from all taxing entities at full buildout. Under one illustrative sharing assumption — 70% of increment shared with the CRA…