On Tuesday, April 8, the Council approved the Convention Center Public Infrastructure District. The district is a new state-mandated financing tool to fund upgrades to key downtown venues, including the Salt Palace and the Delta Center. […]
RDA Board approves NWQ, LLC Tax Increment Agreement
In August 2019, the Council, acting in its capacity as the Redevelopment Agency Board (RDA), approved a resolution authorizing a property tax increment reimbursement of up to $28 million to NWQ, LLC over a 20-year term. Tax Reimbursement agreements are a standard part of the Council’s work as the RDA Board, read their Tax Increment […]