D.C. Mayor Williams Pushes for Greater Tax Increment Financing Capacity

Vadum, Matthew
January 2005
Bond Buyer;1/21/2005, Vol. 351 Issue 32054, p4
Trade Publication
This article reports that District of Columbia Mayor Anthony Williams' aides are urging District Council members to raise the city's self-imposed tax increment financing (TIF) cap to $600 million from the current $300 million, said revenue bond program director Michael Hodge. Hodge said district officials hope a council member will soon introduce legislation to raise the cap. The TIF program thus far has helped to fund the International Spy Museum, two hotels, an ambitious mixed-use project at Gallery Place, a shopping mall, a retail redevelopment, and an expansion of an art museum.


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