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Wheeler council agrees to workshop on urban renewal feasibility after detailed developer analysis
Summary
A consultant-style presentation outlined how an urban renewal district could generate revenue for waterfront and downtown projects; council agreed to a public workshop and formation of an advisory committee to study feasibility and grant options.
Mike Anderson presented a multi-page feasibility study proposing a Wheeler Urban Renewal Plan and urged the council to form an advisory committee to gather data, solicit public input and assess potential projects. Anderson outlined how tax increment financing would divert growth in assessed value to an urban renewal agency and showed scenarios in which an urban renewal district could generate substantially larger tax increment dollars over six years compared with doing nothing.
Council…
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