Burlington mayor, business leaders endorse TIF

first_imgAt a press conference Friday, Burlington Mayor Bob Kiss, along with a group of community and business leaders, voiced his support for the Downtown TIF (Tax Increment Financing) question on Burlington’s March 6 Town Meeting Day Ballot. Kiss was joined by City Council President Bill Keogh; Tom Torti, President of the Lake Champlain Regional Chamber of Commerce; Yves Bradley of the Planning Commission and local real estate agent; Melinda Moulton, CEO of Main Street Landing; Brenda Torpy, CEO of the Champlain Housing Trust; Melinda White-Bronson representing Vermont Interfaith Action; CEDO Director Larry Kupferman; and Charles Gionnani, Burlington resident and member of the Ward 2/3 Neighborhood Planning Assembly (NPA). All voiced strong support for the TIF question and the City’s efforts to utilize the Downtown TIF to attract private investment and finance public infrastructure. They cited the potential for development of market rate and affordable housing, expansion of the City’s tax base, making public improvements, and bringing new businesses and jobs to Burlington, among other things. The press conference was held in a parking lot that is part of a larger ‘superblock’ along Main Street which has been identified as an area ripe for use of TIF to make a redevelopment of the block possible. Mayor Kiss voiced support for the Downtown TIF and the TIF ballot question that has been shared across the political spectrum, among for-profit and non-profit developers, and a diverse group of stakeholders. ‘The City has worked diligently over the last several years to establish the downtown TIF district, in partnership with the City Council, local business community, and the Vermont Economic Progress Council, among many others,’ said Mayor Kiss. ‘Burlington has a successful track record of utilizing TIF to develop a once-desolate Waterfront into a vital and dynamic place for residents, businesses and visitors ‘ promoting business development, jobs, housing, and public access and infrastructure. The downtown TIF district is a critical element of the City’s economic development plans to attract new businesses and jobs while financing public infrastructure that benefits everyone in the community.  Public support of the TIF ballot question will allow the City to move forward with these plans.’ More information about the TIF ballot question can be found here: http://www.burlingtonvt.gov/CEDO/Business/Tax-Increment-Financing/Tax-In…(link is external).City of Burlington. 2.24.2012last_img