Here’s why Gainesville plans to end its tax allocation program - Gainesville Times

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Here’s why Gainesville plans to end its tax allocation program

Construction crews work Monday, Dec. 6, 2021, at the site of the new downtown Gainesville development The National. When completed the site will be a Marriott Courtyard Hotel and have residential mixed-use property. The National was one of the biggest projects approved for TAD funds. - photo by Scott Rogers

12072021 NATIONAL 2.jpg — Construction crews work Monday, Dec. 6, 2021, at the site of the new downtown Gainesville development The National. When completed the site will be a Marriott Courtyard Hotel and have residential mixed-use property. The National was one of the biggest projects approved for TAD funds. - photo by Scott Rogers

After more than $250 million invested in downtown and midtown Gainesville over the past 16 years, the city is planning to sunset the area’s tax allocation district, which allows for property tax reimbursements to approved developments.