Top Story: Board seeks input on nuCLEus proposal
Before the Board of Education votes on tax increment financing, or TIF, for a development project, CMSD will inform the public and collect feedback that will guide the decision.
The board will vote Tuesday, Aug. 22 to accept or reject tax increment financing for nuCLEus, a proposed downtown development that would include retail shops, restaurants, offices, a hotel, condominiums and apartments.
The TIF would allow use of additional property taxes from the project over 30 years to pay development expenses.
CMSD will spend the rest of this month and early August explaining the pros and cons of the request through community meetings, mailings, telephone calls, social media and information posted on the District website.
The school board will conduct eight public hearings, beginning July 29 and ending Aug. 6. The District is also conducting an online survey through Aug. 7.
The board will review the proposal at a work session on Tuesday, Aug. 8 and vote two weeks later.