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Georgetown council backs application to renew downtown development district, proposes boundary tweaks
Summary
The council voted to authorize a five-year renewal application for the downtown development district, with staff proposing removal of seven properties and reallocation of acreage to reach about 104.5 acres to maximize state incentives; staff cited roughly $11 million in private investment since the district began.
Georgetown — The town council voted unanimously Jan. 12 to authorize the town to apply for a five-year renewal of its downtown development district (DDD), a step staff said will preserve incentives that helped attract about $11,000,000 in private investment.
Planning Commissioner Brian told the council the draft renewal includes boundary adjustments to bring the district to about 104.5 acres (the statutory maximum is 105 acres). The proposal would remove seven properties from the district — two town-owned buildings, three state-owned parcels…
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