Community and Economic Development Loan

Question C authorizes the City to borrow up to $50,000,000 to be used for the City's economic development program. The money may be used to acquire, develop, and dispose of property in the City for this purpose, along with related costs.

The money may be used to eliminate unhealthy and unsafe conditions, including blight, and to create healthy, sanitary, safe, and green conditions in the City. It may be used to stabilize and improve middle neighborhoods and neighborhood retail corridors, as well as to improve land, buildings, streets, highways, alleys, sidewalks, utilities, parks, recreational land or facilities, and other structures, including all related costs.

The money may also be used as loans or grants to develop, improve, or construct buildings in the City for residential or commercial purposes, and as loans or grants for growing businesses, attracting and retaining jobs, encouraging homeownership, providing home repair assistance, promoting economic inclusion, achieving whole-block outcomes, improving the City's cultural life, and promoting City tourism.

What your vote means