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Fredericksburg City Beat

This blog includes news about City Hall, city schools and other 22401 news.

Pamela Gould reports on City Hall. You can reach her at 540-735-1972 or pgould@freelancestar.com. Robyn Sidersky reports on city schools. You can reach her at 540-374-5413 or rsidersky@freelancestar.com.

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Back to…Incentives

Well I’m sure it won’t be near as much fun as moving roadkill off someone’s lawn, but the City Council will meet tomorrow night to take stock of the economic development incentives program the council members approved about a year ago.

Since they put the rules in place, council members have approved four different incentives packages for (get ready to relive the memories) Wegmans, Capital Ale House, Kalahari and Kybecca. (And they played around with the idea of incentives for the Expo Center before that property got lumped in with the Kalahari project.) The grand totals:

Incentives: $62,880,000

New tax revenue: $69,740,000

You can preview tomorrow night’s discussion by taking a look at this PowerPoint. The council members will consider a few changes to the program tomorrow, including creating a separate technology zone for the U.S. 1 corridor.

They’ll also take a vote on a new incentives package to lure Creative Dimension Group to the city industrial park. See the terms here and a story on it here.

Permalink: http://news.fredericksburg.com/citybeat/2008/07/14/back-toincentives/

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