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How should PDC spend $32M for economic development on Interstate Corridor URA?

October 7, 2016

 

How should the PDC spend $32 million for economic development in the Interstate Corridor URA? Your input and thoughts are needed.


The goal of the N/NE Community Development Initiative Draft Action Plan is to foster economic prosperity among African Americans and people of color by participating in, benefiting from and contributing to local, regional and global economies. This plan will guide how we invest the remaining $32 million in Tax Increment Financing (TIF) resources for economic development in the Interstate Corridor Urban Renewal Area (URA).

 

Download the draft action plan here or the summary here.

Proposed investments include:

  • Foster multi-generational wealth creation ($19M)

  • Create vibrant and culturally-relevant Spaces ($10.5M)

  • Increase access to jobs ($2.5M)

There will be a review and discussion of the final draft plan on October 20, from 5:00 to 8:00 p.m.

 

Contact Kim S. Moreland, PDC Senior Project Manager, for details.

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