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Council approves DDA boundary expansion and amended TIF sharing model after divided public comment
Summary
Council approved an amended Downtown Development Authority (DDA) boundary and a new revenue-share model that extends TIF capture; the measure drew sustained public testimony for and against changes to long-term revenue distribution and governance.
The City Council advanced a significant change to downtown financing by approving amendments to the Downtown Development Authority’s (DDA) boundary and a new revenue-share (gain-share) TIF model.
The DDA expansion adds 19 blocks to the north of the existing district, enabling a broader set of downtown projects and allowing the DDA to capture additional tax-increment revenue under a revised sharing arrangement…
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