Downtown 2020 Initiative

 

  • Downtown 2020 is a current, two-year initiative aimed at increasing vibrancy and economic opportunity Downtown through incentivizing transformational private development, lowering special district taxes, and achieving key public improvements.  Click for November 2018 Presentation(PDF, 2MB)
    • No Interest Loan Program - The mission of the program is to promote economic development by partnering with owners to address contemporary code and access requirements in the designated Downtown District.  The goal of the fund is to financially assist transformative projects by focusing on addressing the code and/or access issues when it can be demonstrated that they are the primary barrier to expanded or enhanced use of the space that would add jobs, value, economic vitality and taxable asset appreciation to the Downtown.
    • Tax Relief - The 2020 Initiative includes a reorganization of Town and Special Services District responsibilities, resulting in a reduction of the additional Downtown mill rate by approximately 3 mills.
    • Capital Projects: The Town has recently prioritized several transformational infrastructure improvements in the Downtown area.  These improvements are incorporated into one comprehensive Complete Streets project which can be viewed HERE. 

 

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