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Englewood Downtown Development Authority outlines TIF-backed projects, events and a $1.6 million budget
Summary
The Englewood Downtown Development Authority told the Budget Advisory Committee it expects about $3.8 million in tax-increment revenue in 2025, will invest roughly $500,000 in Hamden streetscape elements and plans events and pilot projects as it advances South Broadway public-realm work.
Englewood Downtown Development Authority Executive Director Hillary Pardo told the Budget Advisory Committee on Feb. 25 that the agency expects about $3.8 million in tax-increment revenue in 2025 and has budgeted roughly $1.6 million for operating and project expenditures.
Pardo said the DDA is a quasi-governmental entity formed in 2021 to implement the Englewood downtown plan and that it is regulated by state statute. "We are a champion for the downtown district," she said, describing the DDA's authority to fund public-space enhancements, marketing, mobility and land-use planning inside a legally defined downtown district.
The DDA's nut graf: the agency intends to use tax-increment financing (TIF) revenue generated within the downtown district to move priority projects from planning to implementation, while keeping base tax revenue flowing to the city and other taxing entities.
Pardo said the district covers about 250 acres and includes three…
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