Pendleton council approves Heritage Hub economic development area, pledges TIF revenues
The Town Council voted to establish the 12-acre Heritage Hub Economic Development Area, approving a developer-backed TIF structure that yields 100% TIF to the town on three northern lots and a 70/30 split for two hotel lots, along with $367,000 in trail improvements and enhanced design commitments.
The full story
The Pendleton Town Council on a voice vote approved Resolution 26-05 to establish the Heritage Hub Economic Development Area, a developer-backed financing plan for a roughly 12-acre site west of town that the council and staff say is intended to spur retail, office and hotel development.
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