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City of Tacoma - Broadway Local Improvement District, Tacoma, Washington

Sector: Car parking • Location: Washington, United States of America

Source: Federal Highway Administration (FHWA)

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A Local Improvement District (LID) is financial instruments that provide long-term payment plans with relatively low interest rates, so property owners can make upgrades. Such improvements can include permanent street and alley paving, streetlight installation, sanitary sewer extensions, and the undergrounding of overhead utility wires in view-sensitive areas. Each property owner is assessed

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The project “City of Tacoma - Broadway Local Improvement District, Tacoma, Washington” is an infrastructure initiative in the Car parking sector, located in Washington, United States of America. Taiyo aggregates data on it from Federal Highway Administration (FHWA).

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Description

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A Local Improvement District (LID) is financial instruments that provide long-term payment plans with relatively low interest rates, so property owners can make upgrades. Such improvements can include permanent street and alley paving, streetlight installation, sanitary sewer extensions, and the undergrounding of overhead utility wires in view-sensitive areas. Each property owner is assessed according to the benefit to their respective property and the amount each property owner pays must be proportional. The Broadway LID included the construction of permanent pavement, concrete curbs, and concrete gutters, plus the reconstruction, repair, and renewal of sidewalks, the installation of ornamental street lighting and landscaping, the planting of shade and ornamental trees and shrubbery, and the replacement and construction of surface water, wastewater, and water mains. The improvements were made along the following roadways: Broadway from South 2nd Street to South 9th Street St. Helens Avenue from South 7th Street to South 9th Street Market Street from St. Helens Avenue to South 9th Street South 4th Street from Stadium Way to Broadway South 7th Street from Broadway to St. Helens Avenue The LID area encompasses approximately 14.75 acres of usable land and 1,637,222 square feet of building area. The 411 tax parcels identified within the LID boundary range from vacant properties to commercial and public offices, plus multi-family apartments and condominiums.

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