Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council receives briefing on Tigard tax-increment financing districts, goals and spending to date
Summary
Staff briefed council on Tigard’s two tax-increment financing (TIF) districts — the City Center and the Triangle — outlining purposes, legal limits, current maximum indebtedness and projects funded so far.
Redevelopment Manager Sean Fairley gave a detailed briefing on Tigard’s tax-increment financing (TIF) districts, describing how TIF works, statutory limits and the agency’s investments to date.
Fairley said Tigard operates two TIF districts: the City Center (established 2006) and the Triangle (established 2017). He reported that the City Center’s maximum indebtedness is approximately $42,800,000 with about $30,300,000 remaining; the district was amended in 2017 and 2021 and is scheduled to expire in 2035. Fairley said the Triangle district’s maximum indebtedness is approximately…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
