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Economic Alliance outlines port-district option, vacancy tools after county conversation on taxes and downtown vacancies
Summary
The Economic Alliance presented options including formation of smaller-than-county port districts, vacant-building registration and other tools to spur investment. Commissioners and local stakeholders discussed trade-offs, tax concerns and possible legislative changes needed to allow less-than-countywide port districts.
The county’s Economic Alliance presented a months-long study of local economic development tools and the group’s recommendation to pursue the option of “less-than-countywide” port districts or other targeted taxing districts that could raise funds for infrastructure and development in specific communities.
Mason Duke, economic development specialist with the Economic Alliance, and other Alliance representatives reviewed research into vacancy taxes, vacant-building registries, business licensing and the potential to establish port…
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