Committee backs Jefferson Arms redevelopment plan including SID/TDD revenues to support TIF
The Housing, Urban Development and Zoning Committee voted to forward Board Bill 19 with a do-pass recommendation; the bill ties SID and TDD revenues to the Jefferson Arms TIF and authorizes a $5-per-room assessment and up to 1% district sales taxes to preserve the project’s originally authorized incentive proportion.
The full story
The Housing, Urban Development and Zoning Committee voted to forward Board Bill 19 with a do-pass recommendation after discussion of tax-increment financing (TIF), a special improvement district (SID) and a tourism development district (TDD) tied to the Jefferson Arms redevelopment.
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