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Carroll County OKs use of tax-allocation increment for Maple Grove development in Carrollton
Summary
The Board of Commissioners voted Oct. 7 to approve the county's share of a tax-allocation increment for the City of Carrollton's TAD No. 1 to support the Maple Grove mixed-use development; commissioners questioned whether the project would generate the sales tax revenue the county expects.
The Carroll County Board of Commissioners voted Oct. 7 to approve the county's participation in the City of Carrollton's tax allocation district (TAD) No. 1 to support the Maple Grove development.
The vote came after Commissioners and the project's developer discussed whether the units would be rental or owner-occupied and how much sales tax revenue the proposed commercial space is likely to generate. Commissioner Fuller moved to approve the application; a second was recorded and the motion passed on a voice vote (tally not specified).
The project's developer, Brad Wilkes, described the residential portion as 18 condominiums "for sale, not for rent"…
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