You may recognize this from the Downtown South thread, but I’m making it a new thread for it: new, creative tax incentives are coming to town!
New city policies like tax-increment grants (TIGs) are on their way, which could reward developers for bringing helpful amenities like greenway upgrades or affordable housing and/or sweeten the deal for building blockbuster projects like new hotels or stadium. But before developers and communities can rely on them, we need to create those policies in the first place.
City staffers came up with a draft TIG policy earlier this year in response to the DTS rezoning controversy last December. They’ve worked on it since then, and will be presenting an updated draft on it this coming Tuesday. What do y’all think of this proposal update?