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DDA presents downtown update, touts 20 new businesses and planned parking-lot repairs
Summary
Garden City’s Downtown Development Authority told council it captured roughly $21 million in TIF value and operates on about $629,000 annually, highlighted 20 new downtown businesses and outlined near-term projects including a Northeast parking-lot seal-and-restripe and alley drainage work.
Matt Miller, the DDA director, told the Garden City City Council on Nov. 17 that the Downtown Development Authority’s funds come from tax increment financing established when the DDA was created in 1983 and are used for business attraction, streetscape maintenance and community events. Miller said the DDA’s captured taxable value is roughly $21 million and listed an annual DDA budget figure of about $629,000.
The presentation described grant-supported programs and a revised business incentive program that…
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