CRA Approves $1.9 Million More in Tax Incentives for Cascades Project

CRA Approves $1.9 Million More in Tax Incentives for Cascades Project

At the January 25th, 2018 Community Redevelopment Agency (CRA) meeting, the Board voted to approve changes to the North American Properties (NAP) Cascades project which will result in an additional $1.9 million in tax incentives. The CRA had previously approved tax incentives totaling $13.8 million for the downtown project.  The change was due to the […]

CRA Personnel Expenses Increases 66% Over Four Years

CRA Personnel Expenses Increases 66% Over Four Years

The closeout of the 2017 budget for the Community Redevelopment Agency (CRA) shows that personnel expenses have increased approximately 66% over the last four years. During this period personnel expenses increased from $330,286 in 2013 to $547,872 in 2017. The growth in CRA personnel expenses is approximately nine times the growth rate of personnel expenses […]

Ballard Building Challenges CRA Assumptions

Ballard Building Challenges CRA Assumptions

A major assumption used by the Community Redevelopment Agency (CRA) to secure financial assistance for projects is being challenged by a downtown project that received no CRA financial assistance. This comes as the CRA is defending its existence and advocating for more tax breaks for another major downtown project. The CRA is quick to take credit […]