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Finance committee approves South Madison TID project reallocations, earmarks rental-assistance funds for Parker Place
Summary
The committee unanimously approved amendments to Tax Incremental District No. 51 (South Madison) to reallocate project dollars across park and infrastructure projects and to target previously reserved rental-development assistance to the Parker Place Apartments; staff said total TID dollars remain unchanged.
The Madison Common Council Finance Committee on March 20 unanimously approved amendments to the project plan for Tax Incremental District No. 51 (South Madison) that reallocate funding between projects and specify certain previously unallocated rental-development assistance for the Parker Place Apartments.
TIF staff explained the amendment shifts dollars from some projects that came in under budget (for example Penn Park) to…
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