Economic Development CommitteeMonday, February 3, 2025 · 1:00 PM · Council Chambers, City Hall

HighHigh significance — major decision, large financial impact, or broad community effectFour of the six named briefing items are previewing action items headed to full committee votes within the next three weeks — two on February 12 and two on February 26 — creating a narrow engagement window for organizations with interests in Design District TIF funding, Chapter 380 agreement terms, New Markets Tax Credit deal structures, or TIF district performance data.

MediumMedium significance — notable action worth trackingTwo development-related action items previewed for the February 12 agenda are directly relevant to active projects: the Chapter 380 agreement amendment with Shekinah Legacy Holdings, LLC for 1708 Martin Luther King Jr. Boulevard (item E, file 25-451A) and the construction contract with The Fain Group Inc., Inc. for the Trinity Strand Trail Hi-Line Span in the Design District TIF District (item F, file 25-453A). If the trail contract is approved, developers with land in the Design District TIF corridor should assess proximity to the Hi-Line Span alignment. The New Markets Tax Credit transaction for St. Philip's School at 1600 Pennsylvania Avenue (item B, file 25-447A), heading to the February 26 agenda, may signal the city's current structuring approach for NMTC-financed community facility projects.

MediumMedium significance — notable action worth trackingItem C (file 25-448A) scheduled a quarterly update on economic development incentives awarded via administrative action — those not individually authorized by council vote — without disclosing aggregate totals or eligibility criteria in the item title. Item E (file 25-451A), an amendment and restatement of an existing Chapter 380 agreement with Shekinah Legacy Holdings, LLC for the 1708 MLK Redevelopment Project, raises questions about what terms are being changed from the original agreement and whether the project has encountered delays or scope shifts.