CEDRR supports voting, "YES!"
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Rutland City TIF Vote on Tuesday, October 7
Impactful changes to Downtown Rutland are necessary and they won’t raise your taxes.
What’s Coming to Center Street:
Upgraded infrastructure: improved stormwater management, buried electrical lines, and a beautifully updated streetscape
Expanded sidewalks and improved lighting
A new hotel with a restaurant and a rooftop bar to attract visitors and boost downtown business
What You Should Know About TIF:
Uses future growth in property values to pay for public infrastructure
Does NOT raise your property taxes
Proven successful in White River Junction, Killington, and St. Albans
Rutland TIF Bond Vote "Lunch & Learn"
Thursday, October 2nd | 12pm-1pm
Online event - Register in advance below
The TIF Task Force invites you to join us for a one-hour Lunch & Learn all about the upcoming bond vote. This is your chance to get the facts, ask questions, and understand what this means for Rutland City before heading to the polls on Tuesday, October 7th.
Bring your lunch, bring your curiosity, and leave informed!
CEDRR Executive Director Lyle Jepson.
Why I Support Voting "YES" for the Rutland City TIF
I am taking a moment to highlight how important it is to me that the City Infrastructure Bond be approved on Tuesday, October 7. As a City resident, I am asking you, as either a Rutland City voter or influencer of your Rutland City friends, to join with me in voting “YES”.
This is a historic moment for Rutland City. We have been provided with a once in a lifetime tool, the TIF. The TIF is an opportunity to provide future economic prosperity for Rutland City and Rutland residents without incurring undesirable costs. The bullets below tell the story. In addition, the Rutland Redevelopment Authority FAQ found here answers many commonly asked questions.
Why vote yes?
- The hotel is a gateway project. When we pass this bond, we'll ensure that not only will these infrastructure upgrades be made to support the new hotel, but existing—and future—businesses will benefit.
- Boom for the local economy. With a hotel in place—just in time for the Paramount to increase its capacity—we'll draw in more tourists, business travelers and other events to the area. These visitors will eventually be hungry and curious, so they'll eat at our restaurants and shop at our local stores.
- No more pit. Passing the bond means we can address the issues that have persisted for decades in the long-vacant lot. We'll finally turn that eyesore into a vibrant destination.
- Improvements without raising taxes. TIF does not raise taxes (it's not your typical bond). It simply allows the City to invest in infrastructure by using the future tax revenue from the private development to pay for it.
- It's a job creator. From construction to hotel personnel, and all of the supporting services in between, this cornerstone project creates good jobs for people in our area.
- Safer streets. The improvements proposed include streetscape redesign, which includes better lighting. This will make people feel safer as they walk home after work, or from a local restaurant back to their hotel room.
- It will provide Rutland with a well-deserved aesthetic update. The planned improvements include wider sidewalks, buried electrical lines and beautifying streetscape. These will complement the rich, historic buildings in our downtown and make it truly picturesque.
- Builds a long-term tax base. The idea behind TIF is that it catalyzes future private investment. This will result in growing our tax base, which means more resources for our schools, emergency services and other community needs without having to raise tax rates.
- It's time. We have all talked about what Rutland could do to improve the experience downtown, and now is the time to take action on our vision. After years of planning, public input, and studies, we have finally arrived at the moment.
Thank you, in advance, for working together to take control of our future in a very positive way.
Lyle Jepson, CEDRR Executive Director
