City Center/TIF District

Vision

City_Center_with_white_backgroundThe vision for City Center is to effectively blend existing neighborhoods, commercial areas, natural areas, undeveloped properties, and undeveloped lands into the true downtown of South Burlington.  The downtown will provide increased connectivity through new cross streets; support an integrated mix of housing, retail, and employment; and be a primary focus point for compact, walkable development within the City.

South Burlington’s City Center initiative supports this objective by establishing public buildings and gathering spaces and building or reconstructing streets that connect to the principal corridors of the area.  Combined, these provide opportunities for housing and employment in an area well served by public transit and existing public utilities, and create linkages to existing neighborhoods in the area. 

South Burlington Comprehensive Plan, adopted spring 2016

This vision for South Burlington’s downtown - City Center - has been a dominant feature of the City’s adopted Comprehensive Plan as far back as 1985.  For more than thirty years, the community has planned for and invested in the development of our own downtown.  That vision is now becoming a reality. 

A downtown envisioned



Fully funded for construction:  Market Street and City Center Park

This first public vote on City Center Tax Increment Financing (TIF) District funded two projects and related costs:

  • the reconstruction of Market Street,
  • the development of City Center Park—Dumont Parcel, and 
  • costs related to the application, implementation, and administration of the TIF District.

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Reconstruction of Market Street

This project is scheduled to begin in the Spring of 2018.  It will rebuild Market Street—from Dorset Street to Hinesburg Road—as a downtown main street. It has been planned for pedestrian, bike, and vehicular traffic.  Portions of the roadway may be closed throughout the summer of 2018.
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Underway: City Center Park Phase I (Dumont Parcel)

This project, under construction and scheduled to be completed in 2018, will become a publicly accessible passive recreation space with trails, marked entrances, seating, discoverable mysteries, and sufficient infrastructure to allow for the enjoyment and protection of tributaries to the Potash Brook and associated wetlands and buffers.  This phase includes a trail network—which will connect Iby Street to Barrett Street—while maintaining important natural features and providing recreational opportunities.  Years of planning have gone into the design for City Center Park, with extensive engagement and input.

The 7.65 acre wooded parcel of land is tucked into the Iby/Barrett Street neighborhood and will be accessible from both streets.

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How does Tax Increment Financing (TIF) contribute?

Tax Increment Financing (TIF) captures future additional tax income from new private development (growth) around public projects (amenities), that would otherwise be sent to the State Education Fund. The revenue collected over 20 years may be invested in public infrastructure and facilities right here in South Burlington. In 2017, the City began to collect TIF revenue that will be used on TIF projects.
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City Council Updates


Access the videos of the meetings on CCTV's Channel 17 or view the powerpoint presentations: 

4/4/2016    Status Overview 
5/2/2016    Park Update, Market Street Update
6/20/2016  TIF Policy, Library Agreement, Debt Potential for Market Street/ City Center Park
7/18/2016  Library Agreement, Potential Vote 

Capital Improvement Program (CIP)

The Capital Improvement Program includes the capital projects that may be built using TIF District Financing and details projected cash flows to implement the project and to make payments on anticipated financing, by cost type and funding source.  NOTE that this a is a planning document, funds may or may not be committed. This is updated each winter.

1/17/17

Project Implementation Process

The Project Implementation Process flow chart detail the phases and steps that are taken to implement each project using TIF District Financing.  

11/19/13