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Mark Levin
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Mark Levin
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The Redmond City Council voted unanimously Tuesday night to expand the Downtown Urban Renewal District from 599 to 700 acres. “It truly is a new phase because what we are doing is changing from spending money on infrastructure, or a predominant amount on infrastructure to more of a private, public partnership.”  Redmond Mayor George Endicott says the expansion could bring in another $400-million in investments to the City. The Urban Renewal District does not create any new taxes, but rather allows tax revenue from new investments to help pay for infrastructure improvements. The District has already funded the Centennial Park and major improvements on Fifth and Sixth Streets.

 

 

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