This week, we will explain the “tax” in Tax Increment Financing, clarifying what the “tax increment” is, how funding flows and who ultimately covers the cost for infrastructure improvements. Importantly, TIF does not create new taxes on our residents. Tax…
Rutland 360 is a collaborative initiative led by a task force that includes the Rutland Redevelopment Authority, the City of Rutland, the Chamber & Economic Development of the Rutland Region, and the Downtown Rutland Partnership. Together, these stakeholders have developed…
Transformative Private Investment to Fuel Economic Growth and Revitalize Downtown Rutland Rutland, VT – The City of Rutland, in partnership with private developers, is excited to announce the Downtown Hotel + Living Project, a transformative investment that will complete the…
The City of Rutland Board of Aldermen has approved the Tax Increment Financing (TIF) District Plan and its submission to the Vermont Economic Progress Council (VEPC). This action comes after the October 21, 2024 approval of the TIF District Letter of Intent.…
Approval of the TIF District Plan Initiates the City’s Engagement With the Vermont Economic Progress Council Rutland, Vermont — The City of Rutland Board of Aldermen has approved the Tax Increment Financing (TIF) District Plan and its submission to the…
The Rutland City Board of Aldermen will convene a public hearing on the proposed City of Rutland TIF District and Financing Plan on Monday, January 6, 2025, at 6:45 PM. Pursuant to 24 VSA 1893, The hearing will be held…
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…
