Who is paying for the public spaces improvements on the waterfront?
Most of the costs for public space improvements will be paid from the reinvestment of funds collected through the sale of properties, development fees paid to the City on a project-by-project basis, and the property tax increment generated by the project. Why is the City pursuing waterfront development? The City Council adopted the Waterfront/Downtown Master Plan and hopes to make the area an active and enhanced environment for residents of and visitors to Vallejo. This is consistent with redevelopment plans and would result in an area with parks, public spaces, shopping, dining, residential and other amenities that the City lacks today. It will stimulate economic development, create increased employment opportunities, encourage major businesses to locate in downtown Vallejo, and provide greater opportunities to live, work, shop and recreate in Vallejo.
