22 · high · area scope
City to issue bonds for Brookridge development's sales tax break
Council will vote on declaring intent to issue up to $5,000,000 in revenue bonds to help finance infrastructure for the Brookridge Phase 1 development. Using this bond mechanism lets the developer avoid paying sales tax on construction materials for the project.
Why it matters: The tax break lowers the developer's costs but also means less sales tax revenue collected on this construction.
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