Uplifting Forecast for Downtown; Report: Redevelopment Financially Sound; City May Add 130 Blocks to Project
The Columbian › November 20, 2006
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Summary
Growth spurred by $54.6 million worth of state and local subsidies in Vancouver's downtown core isn't making money for the city yet, but it should net the city $27 million in tax revenues by 2025.
All told, Vancouver should receive a 4.3 percent annual return on its investment over the next 19 years, according to a report released this week. A bigger winner will be the state of Washington, which already is turning a profit and is projected to net $87.2 million in tax revenues by 2025.See the full content of this document
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Uplifting Forecast for Downtown; Report: Redevelopment Financially Sound; City May Add 130 Blocks to Project
The report is being released at a time when the city wants to build on its initial redevelopment success around refurbished Esther Short Park and broaden the program to a 130-block area that includes the Columb...
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