Georgetown seeks input on downtown development district expansion by March 30
The Town of Georgetown is seeking input and recommendations from the public and interested property owners for a possible expansion of its Downtown Development District.
Designated as such by Gov. Jack Markell Aug. 10, 2016, the Town of Georgetown Downtown Development District boundaries currently encompass 83.2 acres and may be expanded to a maximum of 105 acres. For more information, go to georgetowndel.com or contact the planning department at 302-856-7391.
The only requirement is that any proposed expansion must be contiguous to the existing district boundaries. Anyone with input or recommendations is encouraged to submit them in writing by Thursday, March 30, to info@georgetowndel.com or in person at 37 The Circle.
The Downtown Development Districts Act was created to leverage state resources in a limited number of designated areas in Delaware's cities and towns to spur private capital investment in commercial business districts and other neighborhoods; stimulate job growth and improve the commercial vitality of cities and towns; and help build a stable community of long-term residents in downtowns and other neighborhoods.
Under this act, funding was allocated through the General Assembly to Delaware State Housing Authority for the purpose of establishing and administering the DDD Rebate Program. Investors who make qualified real property investments to commercial, industrial, residential and mixed-use buildings or facilities may apply to DSHA for a DDD Rebate.
