Discover More from This Category: Killington Forward Development
Inside the new Six Peaks Village
March 1, 2023
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 the current locals. But as the resort has grown and changed over the years —…
Second public hearing for Killington TIF bond draws new attendees, questions
February 14, 2023
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 with 27 others attending via Zoom. The hearing again began with an overview of Killington…
FAQs: Killington Forward
February 8, 2023
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 7 on Article 5. What is Killington Forward? Killington Forward is a comprehensive, multi-phased plan…
Killington Forward hearing draws a crowd,$47 million TIF-funded infrastructure bond explained
February 1, 2023
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 Zoom. “That’s about 10% of the town’s registered voters,” said Selectman Jim Haff. “That’s a…
Audit of Burlington Waterfront TIF District: A lesson, a warning
January 25, 2023
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 improvements, incur debt to pay for the work, and use a portion of the area’s…
Killington tops state for undervalued Grand List
January 4, 2023
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 Grand List. According to newly released CLA determinations, Killington's Grand List accounted for just 61.60%…
Killington Forward initiative progresses
October 28, 2022
Signed development agreement paves way for town plan to meet target dates On Oct. 28, the town of Killington took the next critical step in the Killington Forward project by signing a development agreement with Toronto-based Great Gulf, a residential and commercial real estate developer. While negotiations were time-consuming, the town was able to submit…
Nearly $6M awarded to Killington for water quality
October 20, 2022
The town of Killington recently received official word of American Rescue Plan Act (ARPA) funds and grant subsidy designated for clean water and drinking water infrastructure. The Agency of Natural Resources reviewed applications from around the state and responded with an allocation commitment of a $2.3 million ARPA grant and a $3.6 million fully forgivable…
Killington gets Master TIF district designation
July 6, 2022
Public infrastructure paves the way for Village development By Polly Mikula Killington Forward achieved its first major milestone on Thursday, June 30, when Vermont Economic Progress Council (VEPC) approved its application for a master tax increment financing (TIF) district. The VEPC board voted unanimously to approve Killington’s application, which grants the town a financing mechanism…
Killington TIF District application approved
June 30, 2022
Town plan includes water system and roadway infrastructure improvements The Vermont Economic Progress Council (VEPC) has approved Killington's application for a Tax Increment Financing (TIF) District for Killington Road and the Killington Village area. The VEPC board voted on Thursday to approve Killington’s application, which will allow the town to install new water infrastructure, resolve…
Size of proposed TIF district in Killington reduced
May 4, 2022
Town brands ‘Killington Forward’ as overarching plan to accomplish water, road and affordable housing — $62.3 million of infrastructure financed by a combo of sources By Polly Mikula On Monday night, May 2, the town of Killington held its third public hearing for its proposed Tax Increment Financing (TIF) district and financing plan. The hearing…
Study: TIF programs increases Ed Fund and economic opportunity
May 4, 2022
The Vermont League of Cities and Towns (VLCT) released an independent analysis of Vermont’s Tax Increment Financing (TIF) program Tuesday, April 19, that concluded that TIF helps Vermont meet its smart growth goals, promotes long-term planning, and contributes to net-growth in the Education Fund. The report comes as the Vermont Legislature considers expanding TIF to…
Well drilling will determine capacity of Killington’s proposed new municipal water system
April 20, 2022
By Curt Peterson Two large well-drilling rigs were headed for a water source site behind the Mountain Times offices recently, but the bridge to cross the Ottauquechee River appeared to be strained as the first truck made the trip. The second truck waited in the newspaper’s parking lot until Mosher Excavating was able to reinforce…
Businesses offer housing incentives to attract workers
March 16, 2022
By Katy Savage Like most business owners, Chris Karr has struggled to find employees in the aftermath of the pandemic. Karr, the owner of six restaurants in Killington, usually employs up to 150 people in the peak season, but when the pandemic hit, he cut his staff by about half. Now he’s hiring those people…
Killington town, residents champion TIF, seeking approval
February 2, 2022
By Polly Mikula The Vermont Economic Progress Council (VEPC) met with the town of Killington and its residents via Zoom Thursday, Jan. 27, for a public hearing on the town of Killington’s tax increment financing (TIF) application. The town hopes to utilize future incremental municipal and education property tax revenue to finance planned infrastructure that…