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Council designates parts of south Holiday Park area as blighted to enable urban renewal work
Summary
The council declared blight for an urban renewal area south of Holiday Park along Fifteenth Street to enable use of urban renewal tools; staff reported small tax-increment collections already in several plan areas and explained the designation does not itself divert taxes.
The City Council adopted a resolution finding and declaring certain areas south of Holiday Park along Fifteenth Street as blight, a procedural first step to enable urban renewal tools for redevelopment of the corridor.
"This is the first step in the URA process to redevelop the area South Of Holiday Park along Fifteenth Street," Mayor Collins said. Planning staff and the council discussed how tax-increment financing (TIF) functions and reported current collections in several plan and project areas.
Planning Director…
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