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Council reviews revisions to revitalization tax credit program to focus on targeted uses and added diligence
Summary
Staff returned draft revisions to the city's revitalization tax credit (RTC) program to broaden eligible projects and add application requirements; staff and the city attorney said the draft is intended to give the council flexibility while requiring more project due diligence.
The council reviewed a staff-led update to the City of College Park’s revitalization tax credit (RTC) program designed to clarify eligible project types, strengthen application materials and allow staff and the council to evaluate economic impacts more thoroughly.
Economic development staff presented proposed ordinance amendments and updated application guidelines that would broaden the program’s focus beyond generic redevelopment to emphasize certain…
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