Center City District bond and TIF update // Alice Dreger
There’s good financial news emerging on the Center City District project — the strict cost-control measures put in place by now-Mayor Ruth Beier and her colleagues on Council in 2017 turn out to be stricter than we had realized. In 2017, the TIF was effectively reduced by Council from a $56M cap to a $50M cap!
Combined with the new valuation method from tax assessor David Lee for big apartment buildings, this means that the Center City TIF will pay off years earlier than … Read more →