Monday, November 17, 6 p.m. at Mission View Elementary in Wenatchee
information released
The Chelan Douglas Regional Port Authority invites you to a community meeting to learn more about the proposed Tax Increment Area in Malaga.
We will explain the Tax Increment Financing process, and share information on projects that will benefit from funding, and possible impacts to residents. Attendees will have the opportunity to ask questions.
Monday, November 17, 6:00 – 7:30 p.m.
Mission View Elementary Gymnasium
60 Terminal Avenue, Wenatchee, WA 98801
For additional information, please visit the CDRPA website.
Why Malaga?
There is a significant amount of undeveloped and underdeveloped property in the proposed Malaga TIA boundary.
The proposed boundary includes the new Microsoft location and the former Alcoa Plant, as well as other undeveloped industrial property.
There are significant infrastructure needs within the area that must be addressed to allow for future development to occur.
A TIA provides a substantial new source of funding. While a TIA will not generate sufficient revenue to fund all improvements needed in this area, it could be a critical source of funds to leverage grants, loans, and other public and private investments to complete major elements of the infrastructure needs described above.
These investments will spur additional economic development and jobs for the region.
