COLUMBIA — Downtown property owners want to make a district out of The District.
The City Council will consider a petition signed by a majority of downtown property owners asking the city to establish a Downtown Community Improvement District for projects in the area.
To fund the projects, the petition asks that a half-cent sales tax be levied. However, the tax would have to be approved by residents of the Community Improvement District.
The sales tax would generate an estimated $2.5 million, according to a Jan. 7 memo to the council.
The community improvement district would be set up as a political subdivision and governed by a 15-member board of directors.
Issue: Council bill 17-11 was introduced at the City Council's Tuesday night meeting. If approved, it will establish a Downtown Community Improvement District, which could propose an additional half-cent sales tax in the district.
Vote: The bill will be discussed at the council's Feb. 7 meeting.