Urban Renewal and Streetcar

An article in today’s Trib drills down on TIF (tax increment) funding for the proposed Streetcar Loop.

The target is $31M of the $70M of local match coming out of 4 urban renewal districts.

This is not a secret, Sam Adams testified to this effect in from of PDC more than 6 months ago.

But it raises an issue worth talking about: are transportation investments significant economic development drivers? In my mind the answer is clearly yes (and ironically, the “Cost of Congestion” study woujld butress my point).

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