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City seeks Carroll County's incremental TAD support for $58 million downtown gateway project; city to front $2.25M repayable from future increments
Summary
City of Carrollton representatives asked Carroll County to allow the county's tax increment from a planned downtown mixed‑use project to be used to repay a $2.25 million upfront city contribution that would help secure private financing for a $58 million redevelopment.
City of Carrollton officials presented a redevelopment plan for the gateway to downtown and asked the Carroll County Board of Commissioners to allow the county's tax increment from the project's parcels to be used to repay a $2.25 million upfront contribution the city will provide to the developer.
David Brooks (City of Carrollton) and Will Garrett (developer representative) described a roughly $58 million all‑in project centered on the corner of Alabama Street and U.S. 27. The application envisions a 99‑room Hilton Home2 Suites, approximately 80 multifamily units (studio, 1‑ and 2‑bedroom), about 17,000 square feet of retail (the city is seeking to reserve about 4,000 sq ft for a possible museum), a pedestrianized North Cliff Street, and a city‑owned…
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