Скачать или смотреть 19 March 2025 Bend City Council BURA Public Hearing

Check out the Bend Urban Renewal Agency's March 19, 2025, public hearing on three new Tax Increment Finance (TIF) districts—Fort Ridge, Century, and Viridian. This video covers the approval process for housing projects with tax breaks stretching up to 30 years, costing the city a maximum indebtedness of over $72 million. The plans divert future tax revenue—estimated at $530 to $3,500 annually from the general fund and up to $2,400 per year from taxing districts—while generating no immediate income from currently vacant or publicly owned land. Committee members pushed for mixed-income housing and affordability, with some defending the long-term incentives despite one dissenting vote against the 30-year terms. #BendOregon #TIF #BendHousing #FortRidge #CenturyBend #Viridian #UrbanRenewal #AffordableHousing #CentralOregon #CityPlanning #BendOR