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Commercial developers push infrastructure districts as local financing tool; city officials urge caution
Summary
Rachel Blackhurst, director of government affairs for NAIOP Tennessee, briefed the Gallatin City Council on the state—s new infrastructure development district (IDD) law and how developers plan to use the financing tool.
Rachel Blackhurst, director of government affairs for NAIOP Tennessee, visited the Gallatin City Council to explain how the state—s new infrastructure development districts, or IDDs, work and how developers are using them to finance off-site infrastructure.
Blackhurst said the state law is enabling rather than mandatory, and local governments retain full discretion. "This legislation is just enabling; all the authority going forward rests with local legislative bodies," she told the council, adding that municipalities can approve, deny or draft a local policy for requests.
Council members and…
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