The city of Fayetteville is expanding the official boundaries of its Downtown Development Authority. The City Council voted 5-0 recently to approve a resolution presented by Emily Poole, the city’s director of economic development.
The measure makes the DDA boundaries align with the entire city limits, including the Fayette Pavilion area, rather than just the core business corridor along Ga. Hwy. 85. This will allow the city to better develop an economic development plan devised in 2016 to offer incentives for industrial revenue bonds, low-interest financing and jobs creation tax credits. Poole said the plan provides “added tools in our toolkit to court companies.”
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