City Council
Downtown’s Golden Triangle could see $50 million redevelopment investment by the end of the year.
Offices make up about 66% of Downtown real estate, an Urban Redevelopment Authority official said. On June 3, the authority asked council to approve a 40-year Downtown investment district. Future real estate taxes would repay loans for projects like turning vacant offices into housing. Still, only the city would pay the interest, and council held the plan a week.