Waterfront Tax Increment Financing Change Request

At a glance

• What: A substantial change request for the Burlington Waterfront Tax Increment Financing (TIF) District, submitted to the Vermont Economic Progress Council (VEPC).
• Status: Approved unanimously on May 18, 2026 after a public hearing.
• Next: Council President Traverse and CAO Schad to execute the formal request letter to VEPC.

Detail

CEDO Director Alnasrawi and TIF consultant David White presented slides. The public hearing opened at 8:10 pm and closed at 8:15 pm; Sharon Bushor commented online. The minutes do not record the content of the change.

The motion, by Barlow and seconded by Bergman, approved the City's substantial change request to VEPC for the Waterfront TIF District and authorized the Council President and the CAO to execute the formal request letter. It passed unanimously. Earlier, on June 15, the Council accepted the FY25 recertification report for the same district (see 2026-06-15 - City Council).

Sources

• Minutes, City Council, May 18, 2026: https://burlingtonvt.api.civicclerk.com/v1/Meetings/GetMeetingFileStream(fileId=20144)

Log

2026-05-18 - City Council

Items 7.1 and 7.2. Public hearing, then request approved unanimously.