Rebuilding Place in the Urban Space

"A community’s physical form, rather than its land uses, is its most intrinsic and enduring characteristic." [Katz, EPA] This blog focuses on place and placemaking and all that makes it work--historic preservation, urban design, transportation, asset-based community development, arts & cultural development, commercial district revitalization, tourism & destination development, and quality of life advocacy--along with doses of civic engagement and good governance watchdogging.

Wednesday, February 20, 2008

DC "neighborhood" TIF is only for the largest property owners

I keep meaning to complain about the orientation of the recent trumpeted "neighborhood retail" initiative by DC, because it is structured in such a way as to exclude at least 90% of the properties in the typical neighborhood commercial district. See "$95 Million in Tax Incentives Offered to 6 Areas" from the Washington Post.

As the agenda for tonight's ANC6A Economic Development and Zoning Committee states:

TIF funding for H Street. TIF, or tax increment financing, is a program where special tax districts are created on commercial corridors to raise money to promote economic development. H Street's TIF district is slated to raise $25 million and proposals to spend the money are currently being solicited by the city. However a property owner needs to have 10,000 square feet of property to be eligible for the TIF fund. This minimum lot area excludes all but the largest lots (e.g. H Street Connection, 600H, Steuart Property (200H)). Discuss whether to recommend changes to the TIF program.

I don't feel as if the DC program is structured in a way to yield significant improvements.

Labels: ,

1 Comments:

At 5:49 AM, Anonymous erectile dysfunction drugs said...

Thanks for the great giveaway.

 

Post a Comment

<< Home