City Center/TIF District

Vision

City_Center_with_white_backgroundThe vision for City Center is to effectively blend existing neighborhoods, commercial areas, natural areas, and undeveloped properties into the true downtown of South Burlington.  This downtown will increase connectivity through new cross streets; support an integrated mix of housing, retail, and employment; and be a primary focus point as a compact and walkable center 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 under construction. 

Fully Funded for Construction:  
Library + Senior Center + City Hall

The South Burlington voters approved a ballot item in the November 6th, 2018 General Election that gives the City Council permission to incur debt for a new Library, Senior Center, Clerk’s Office, Auditorium and City Hall that is planned to be constructed on Market Street. 

The new community center is expected to serve the public for the next 100 years as a governmental center as well as a place to gather, socialize and engage in educational and other activities.  Public projects of this nature have been part of the planning for South Burlington’s City Center for decades and is the next phase in public investment following the reconstruction of Market Street and the creation of City Center Park.

The primary funding sources for the community center will be reserve funds  that are being accumulated every year as part of the general fund and Tax Increment Financing revenues provided by the State.  The result is that no additional property taxes will be required from South Burlington residents to pay for the debt on this project.  Learn more...


Under construction:  Market Street 

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

  • the reconstruction of Market Street,
  • the development of City Center Park—Dumont Parcel

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Reconstruction of Market Street

This project began in the summer 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 will be closed through late November 2019 beginning in April.
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Completed: City Center Park (Phase I)

This project, completed in 2018, is 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 included construction of a trail network—connecting 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 is 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 


 

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.

12/4/17

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

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