TITLE

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

AUTHOR(S)
Vadum, Matthew
PUB. DATE
January 2005
SOURCE
Bond Buyer;1/21/2005, Vol. 351 Issue 32054, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
15791107

 

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