What are the financial implications?

These projects are subject to design and architectural guidelines and restrictions critical to creating a sense of place. Using quality materials and tailoring a design for a specific community rather than pulling a generic "Everywhere USA" plan off the shelf is expensive. Getting the type and quality of development the city desires has a cost – but it will pay huge dividends for generations.    

Fortunately, previous city and DDA leaders have provided the tools to invest in this placemaking initiative. The sale of a DDA-owned building often referred to as the Department of Juvenile Justice building created investable funds for the DDA. The Tax Allocation District (TAD) created years ago is anticipated to yield additional tax revenues from the downtown area to invest back into the city. Briefly speaking, in a TAD, county property taxes generated above a baseline level, which has now been exceeded, stay IN the city, and can be used on infrastructure investment back in the district.

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1. What are the proposed projects?
2. Why are these projects good for the City? As a resident, what’s in it for me?
3. Is there a hotel group associated with the boutique hotel and what size will it be?
4. Is this a done deal?
5. Who is approving the design of these buildings?
6. What are the financial implications?
7. How are you going to fund a parking deck that is reserved for the public?
8. Are the live-work units going to require a public investment?
9. Does the hotel need additional public investment?
10. What is the proposed structure for these public-private partnerships?
11. What is the timeline and current status of the projects?