Barre voters approve TIF parking measure - WCAX.COM Local Vermont News, Weather and Sports-

Barre voters approve TIF parking measure

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BARRE, Vt. -

Voters in Barre Tuesday approved a measure aimed at improving parking downtown.

The measure, which was approved by a 524-176 margin, allows the city to use $2.2 million in tax increment financing to develop a plan for parking -- a critical part of plans to build an affordable housing complex on Summer Street.  Tax Increment Financing allows designated communities to capture some of the tax revenue created by new development to pay off the cost of that development.

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