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Committee sends bill to let redevelopment authorities keep small share of TRID revenues for maintenance
Summary
The committee voted 15–11 to report House Bill 18 74, which would give redevelopment authorities more flexibility to use future revenue from Transit Revitalization Investment Districts (TRIDs) for maintenance of transit‑oriented projects.
The House Housing & Community Development Committee voted to report House Bill 18 74, a measure that would give redevelopment authorities and Transit Revitalization Investment Districts (TRIDs) more flexibility to use future revenues to maintain transit‑oriented projects.
The bill’s sponsor said the change would allow redevelopment authorities to retain a small portion of revenue generated within a TRID to fund upkeep of completed projects. Representative Bridal…
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