Huntsville Advances Tax District Plan Focused on Von Braun Center
Huntsville is pursuing a nearly 3,700-acre tax district that could direct about $220 million toward Von Braun Center and other downtown projects.
Huntsville is pursuing a nearly 3,700-acre tax district that could direct about $220 million toward Von Braun Center and other downtown projects.
Huntsville City Council approved TIF 9 and a separate 1% lodging tax on July 9, creating a financing framework for a proposed $220 million downtown project package led by an approximately $200 million Von Braun Center North Hall expansion.
Huntsville City Council approved TIF 9, a tax-increment-financing district designed to direct future property-tax growth from new development toward a major Von Braun Center expansion and other downtown infrastructure.
Huntsville’s TIF 9 will use future property-tax growth for downtown projects, while residents watch debt terms, project delivery and school-tax timing.
Huntsville’s City Council is scheduled to vote June 11 on TIF 9, a proposed $220 million downtown plan tied to the VBC and other projects.
Huntsville is advancing a proposed $220 million TIF 9 district toward a May 28 vote, with a Von Braun Center expansion at the center.