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Council approves first reading to create community improvement district for South Broadway redevelopment
Summary
Council held a public hearing and placed on first reading an ordinance to establish a Community Improvement District (CID) for the SoSee Corner redevelopment on South Broadway, allowing up to a 2% CID sales tax rebate for up to 22 years to reimburse eligible expenses estimated at about $450,000.
Developer and neighborhood representatives asked the City Council to establish a Community Improvement District (CID) for the SoSee Corner redevelopment on the southwest corner of Lincoln and South Broadway. Troy Anderson, assistant city manager, said the applicant is Socioeconomic Development Group LLC (SOCI), which owns the parcels and proposes a mixed‑use redevelopment with retail, office and multifamily components.
The applicant requested a 2% CID sales tax rebate for up to 22 years or…
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