The City of South Burlington has been working toward the development of a downtown—City Center—for decades. Over the last few years, new development has occurred in the district including Trader Joe’s, Pier One, Black Bay Housing (at the east end of Market Street), and most recently the new CVS Pharmacy. A critical component to move forward in making further development a reality includes investment in public infrastructure.
The City has state legislative approval to implement a Tax Increment Financing (TIF) District in a portion of City Center. Some of the recent development could be eligible (with a positive vote), to provide revenue for the City to apply toward public projects in City Center. A new modern main street and an urban community park are the first projects which have been planned, engineered, and are ready to move toward construction.
Article I on the South Burlington ballot asks for authorization to secure debt for the reconstruction of Market Street, to build phase I of City Center Park, and for related costs to administer the Tax Increment Financing (TIF) District. A positive vote will initiate the collection and use of tax increment for projects in and around the District.
Representatives from the business, residential, and public communities came together to speak on the importance of this ballot item and to share their support. The press conference was held at City Hall and the following spoke:
- Duncan Macdonald, Planning Commission, Vice-Chair
- Cathy Frank, Bike & Pedestrian Committee, Chair
- Jennifer Kochman, Recreation & Parks Committee, Chair
- Mark Coel, Community Library Board of Trustees, Advocacy Chair
- Adam Bortz, Friends of the SB Community Library, Chair
- Bob Britt, South Burlington City Center Collaborative (SB3C)
- Tim Barden, SB City Center for the Arts
- Mike Keller, South Burlington Business Association (SBBA)
- Katelyn Brewer-Colie, Local Motion
- Chris Snyder, Snyder Braverman Development Company
- Cindy Reid, Cathedral Square
The press conference was streamed live on Facebook. You can see the entire press conference video on FACEBOOK: https://www.facebook.com/CityCenterSouthBurlington/videos/1283394478372562/