Blacksburg tax district helps fund new parking garage

BLACKSBURG, Va. (WDBJ) -Blacksburgs City Council voted Tuesday night time to approve a brand new particular tax district to assist pay for a part of a brand new parking storage.

A blue fence has surrounded the outdated Blacksburg Center Faculty web site for months, now with building of recent city houses, a public security constructing and parking storage behind it.

Council voted to create a further 20 cent tax per hundred {dollars} of assessed worth for anybody situated on the 20-acre property downtown.

Nobody likes paying extra taxes however it is a means of offering the funds which might be going to fill the hole in our funding, mentioned City Lawyer Larry Spencer.

Spencer mentioned the city regarded on the whole value of the storage plus income from different taxes, they fell brief. An earlier improvement settlement with Midtown acknowledged this might occur.

Were doing that to assist us pay for the parking storage which is basically key and central within the success of that entire property, mentioned Councilman John Bush.

Bush mentioned hes not anxious this may deter improvement as a result of these future companies and residents want parking.

If that parking storage doesnt get constructed, none of these companies are going to have the ability to thrive the way in which that they need to. Clients and patrons gainedt be capable to go to the retailers and discover parking, Bush mentioned.

The twenty-cent tax is along with the citys 26 and countys 89 and can solely be in place till the storage is paid off. It won’t affect anybody exterior of the district.

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