Home Vermont $11.4M downtown TIF development on the ballot in St. Albans

$11.4M downtown TIF development on the ballot in St. Albans

21
0

ST. ALBANS, Vt. (WCAX) – The city of St. Albans is looking to voters next month to approve an ambitious $11.4 million downtown development project through tax increment financing.

The three-phase project would include additional housing downtown called the Bellevue building. It would also include sidewalks and other infrastructure on Federal Street, and brownfield remediation.

St. Albans City Manager Dominic Cloud says the city has been trying to kick-start the project for the last several years. “We hear from employers all around the community about the need for market-rate housing. The income targets for these rental units is between 80% and 120% of the area median income. These are units that concern most people in the community,” he said.

An info session on the bond measure is set for February 26. Town Meeting Day is March 5th.

Read More