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Redevelopment Agency approves amendment to prioritize TIF funds for visitor center
Summary
On Sept. 24, 2024 the Redevelopment Agency approved a first amendment to a tax-increment participation agreement with Zion Mountain Local Service District to increase TIF prioritization for a visitor (Discovery) Center; the change cleared the way for pursuing supplemental CIB funding to fill a construction cost gap.
The Redevelopment Agency approved a first amendment to a tax-increment participation agreement with the Zion Mountain Local Service District on Sept. 24, 2024 in the Commission Chambers of the King County Courthouse, authorizing an increased prioritization of tax increment funds to support a visitor (Discovery) Center and related projects.
Agency members and a project speaker described the change as a funding-priority adjustment rather than a new appropriation: the amendment reallocates existing or anticipated TIF receipts so the Discovery Center becomes a first funding priority, enabling the district to pursue a supplemental application to the CIB to close a remaining construction-cost gap. An unidentified speaker who…
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