By Sheila R. McAfee
Downtown development authorities rely on tax revenue growth to fund revitalization projects in their communities. Unfortunately, the economic turmoil of the last five years has not boded well for some of these entities.
In Trenton, there is uncertainty about the future of the DDA. Created in 1996 as a means of revitalizing the downtown area, the group is credited with the charming facelift of West Jefferson Avenue and upgrades to the downtown district’s infrastructure.
With those complete, there is some uncertainty about what comes next, especially when DDA discretionary funds are based on the growth of the tax base within the legally defined DDA district. [Read more…]