Last Thursday, the BIA Board of Directors confirmed that a majority of ratepayers have returned ballots voting "yes" for renewal of the downtown district as outlined in the prospectus. BIA staff will now prepare the renewal petition for action by the Tacoma City Council.
The BIA only counted responses from private property owners in establishing that the statutory mark of 51% has been attained (actually, it was exceeded), since public entities such as the City of Tacoma, University of Washington Tacoma, and Union Station--which represent more than 30% of the total ratepayer base--can opt out of the assessment.
Expect the renewal petition to be on the City Council docket in early November; in the interim, BIA leaders will be heard at work crafting agreements and finalizing a budget to put the terms of the prospectus into reality beginning May, 2008.
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Nice work.
ReplyDeleteThis is good news. The BIA is essential to getting Tacoma on track and protect the progress made.
It is great to see this project come to completion in such a good way! I feel honored to have been a part of it and, in a very small way, to have been a part of making downtown Tacoma a better place! Keep up the good work, Paul (and everyone else!).
ReplyDelete-Cameron