|If a new EDC is formed, it could be a powerful player in how this area turns out.|
How does an Economic Development Commission (EDC) factor into this? A board like this would take a first look at proposals that will be coming into the Mound Harbor District (our Pedestrian District). Giving the city staff, council, and potential developers another set of eyes of the possibilities that will be coming to Mound as the economy improves. The EDC would only have advisory powers, leaving the city council with final say on matters.
I will add that there is an outside chance of Mound creating an Economic Development Authority (EDA). This would be a board with considerable power, including buy, sell or lease land, Eminent Domain, make contracts, and MANY other abilities. The advantage with an EDA is that is can act more quickly, and relieve the city council of these issues. I honestly doubt this would be the way the city will go, but none-the-less it is an option I imagine they are considering.
|Will we throw away these property tax generating properties?|
Hopefully a new Economic Development Commission will understand the need for PLACES, and could help Mound become a Place to drive to, not drive through.
*-I have reached out to the city to see if they come up with different numbers, and if they do, I will share them here.