Lynnwood establishes boundary area for Tax Increment Finance Program

LYNNWOOD—The Lynnwood City Council unanimously approved the boundary area for its Tax Increment Finance Program – a bold economic development program that hopes to fund three major capital projects generating at least $103 million in additional tax revenues, according to the City. The Tax Increment Fund will operate within a designated Tax Increment Area (TIA) […]
Lynnwood City Council to consider a $24 million bond for Tax Increment Area

LYNNWOOD—Lynnwood City Council will host a Business Meeting at 6 p.m., Tuesday, May 27, to possibly vote on establishing a Tax Increment Area to fund $24 million in public improvements, authorizes funding the WAORCA Diversion Program, and discuss updates to housing in the area. The Lynnwood City Council Work Session will be held in-person and […]