Second Amended Downtown TIF Project Plan
Summary
The city wants to expand the downtown TIF plan's budget to $565 million, add sales tax increment to the Cathedral District, and create two new TIF districts to fund the Philcade building's $95 million hotel-apartment redevelopment. Developers say the TIF is the only way the project pencils out; a second hearing and vote come March 11.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Feb 25, 2026.
Impact analysis
Up to $565 million in TIF financing over 25 years, with developers estimating $19.5 million in new city tax revenue even during the TIF period.
Downtown developers, the Philcade redevelopment team, Cathedral District property owners, and future downtown residents and hotel guests.
Mentions & discussions (1)
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