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Downtown Lynchburg Association presents DID concept and MOU renewal as part of a 'trifecta'
Summary
Downtown Lynchburg Association presented a memo of understanding renewal, explained what a Downtown Improvement District (DID) would fund, and proposed a mayor's committee and benchmarking visits; staff estimated a DID incremental rate of 10¢ could generate roughly $275,000/year for downtown services in an illustrative boundary.
Downtown Lynchburg Association (DLA) executive staff presented a three‑part plan: renew the MOU with the city for three years, study and pursue a Downtown Improvement District (DID) if stakeholders want it, and create a mayoral committee to guide downtown priorities.
Stacy Garrett, DLA's executive director, explained a DID is a dedicated funding mechanism that would levy an incremental tax rate on properties within a…
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