$43 million deal with SP Land, Co. was made possible in part by TIF By Polly Mikula On Wednesday, May 3, Great Gulf and SP Land Co. finalized the purchase and sales agreement for 1,095 acres of development land including […]
Category: TIF
Killington voters pass $47M TIF bond, approve new town hall
Development of the town’s water system set to begin this summer By Polly Mikula On Town Meeting Day, 75% of Killington voters approved Article 5, giving the town authorization to proceed with water and road infrastructure projects that will support […]
Article 5: A relatively low risk to the town
Dear Editor, On March 7, the voters of Killington will be asked to authorize up to $47 million in funding for the Killington Forward initiative. These funds will support construction of a pipeline to develop a municipal water system that […]
Town of Killington plans for growth
Voters asked to approve budget, purchase/renovation of new town hall and TIF bond for municipal water and road reconstruction By Polly Mikula Killington voters will be asked for approval on three budgetary items on Town Meeting Day, March 7. Article […]
Inside the new Six Peaks Village
By Brooke Geery Editor’s note: This article was first published on Killington Resort’s “Insider Blog,” Feb. 22. Minor corrections have been made for accuracy and clarity. The vision of a village at the base of Killington Resort predates most of […]
Second public hearing for Killington TIF bond draws new attendees, questions
By Polly Mikula The second public hearing for Killington’s TIF bond was about half as well attended as the first hearing on Jan. 30, but drew many new attendees. About eight residents attended in person at the Public Safety building […]
FAQs: Killington Forward
In response to comments and questions heard around town, on the slopes and at the public hearing, Jan. 30, the Killington Select Board answers questions on what voters need to know to be informed about Killington Forward before voting March […]
Killington Forward hearing draws a crowd,$47 million TIF-funded infrastructure bond explained
By Polly Mikula Finding an open seat in the conference room of Killington’s Public Safety Building Monday night, Jan. 30, was a bit of a challenge as about 30 residents joined the public hearing in-person with another 50 attending via […]
Audit of Burlington Waterfront TIF District: A lesson, a warning
Administrative complexity, staff turnover, and poor recordkeeping contributed to millions of dollars in mistakes State Auditor Doug Hoffer released a new audit Jan. 23 of Burlington’s Waterfront TIF district. TIF districts allow municipalities to designate an area for public infrastructure […]
Killington tops state for undervalued Grand List
Recent CLA assessment to push education tax rate up for most By Polly Mikula Of the 254 municipalities in the state listed on the annual Equalization Study, Killington topped the list for it’s actual property value being undervalued by its […]