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Commission recommends Moreno–Cascade urban renewal plan to council, ties TIF to attainable housing
Summary
Planning Commission recommended approval of the Moreno–Cascade Urban Renewal Plan, enabling tax-increment financing for a hotel-driven redevelopment that includes a pledged attainable-housing component of roughly 77–115 units tied to TIF funds.
The Planning Commission recommended City Council approve the Moreno–Cascade Urban Renewal Plan on Dec. 10, advancing a roughly 1.7-acre renewal district west of Cascade anchored by a proposed hotel development and an attainable-housing component.
Urban Renewal Authority staff and the proposed developer said the hotel will be the TIF driver; the URA will restrict the use of…
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