Murray Redevelopment Agency files 2025 annual report; tax increment just under $3.1 million, ore‑sampling mill cleanup ongoing

The Redevelopment Agency of Murray City reported this week that it completed and filed its 2025 annual report with the state and that the agency collected a little under $3.1 million in tax‑increment revenue across its project areas for the 2024 tax year.

Elvan Ferrell, presenting the RDA’s 2025 annual report to the board, said the report was submitted to the Governor’s Office of Economic Opportunity on June 30, 2025 as required by state code. The report covers the fiscal year July 2023–June 2024 and provides project‑area financials, development updates and goals for each district.

Highlights reported to the board included tax increment receipts and active projects by area: the Central Business District (CBD) reported $1,053,520 in tax increment and includes the Block 1 mixed‑use/old City Hall project, the downtown plaza design and adoption of a form‑based code; Fireclay reported $1,981,466 and has a 272‑unit housing project under construction plus a 67‑unit affordable senior housing project funded by the RDA (identified in the report as the Hooper Nolan project). Ferrell also said the city purchased land for public space and adopted the Murray North Station area plan. East Vine reported $49,122 and is largely built out; remaining funds there would be used for Vine Street infrastructure.

Ferrell described the ore‑sampling mill site as still in the environmental cleanup phase. “It’s moving along,” he said, adding that the property owner and partners have been testing and removing materials and shipping contaminated material to approved disposal locations. Ferrell said the agency had not received a firm construction start date for future redevelopment of that site and that the cleanup timeline — including testing, classification and off‑site disposal of material — was the gating factor before the RDA would “trigger” redevelopment funding for that area.

Board members asked for clarification about the status of several projects, including whether the 67‑unit affordable senior housing was underway (Ferrell confirmed it was) and how far along the ore‑sampling mill cleanup had progressed (Ferrell said the contractor had begun testing and removal work but that no solid date to begin construction had been provided). Ferrell also reminded the board that the report is publicly available on the agency website and covers active and non‑collecting project areas; the agency currently has three active collecting project areas (Central Business District, Fireclay and East Vine) and three non‑collecting areas, two of which have completed collection and one (the ore‑sampling mill) that will collect in the future after cleanup.

The presentation concluded with board questions and no formal action; staff filed the report as required by state law and will continue to provide updates on cleanup and large projects to the board.