News of Walmart’s exit coupled by planned developments, including a downtown hotel and theatre expansion, has sparked talk of opportunity...To make all the proposals more attainable, Rutland City is applying for state approval to form a Tax Increment Financing (TIF)…
On October 21, 2024, the Rutland City Board of Aldermen heard from Ed Bove, Executive Director of the Rutland Redevelopment Authority and Stephanie Clarke, Vice President of White + Burke, who is guiding the RRA through the TIF Districting process.…
Approval of the TIF Letter of Intent Moves the Tax Increment Financing Plan One Step Further in the City’s Plans for Major Infrastructure Improvements, Housing Development, and Economic Growth Rutland, Vermont — The City of Rutland Board of Aldermen has…
Rutland is facing a housing "log jam," leaving prospective homebuyers unable to find affordable, available housing. City leaders and advocacy groups are working to address the issue, in part by creating more affordable housing and encouraging developers to build in…
The Community and Economic Development Committee voted unanimously on Wednesday to recommend that the full Board of Aldermen sign a “letter of intention” to the Vermont Economic Progress Council to seek a tax increment financing designation. READ ARTICLE
The Vermont Housing Finance Agency says the state needs to build between 24,000 and 36,000 new housing units over the next five years to meet demand. Rutland City is taking on the challenge, aiming to build 1,000 units by 2028.…
