SouthPark To Soon Become Municipal Service District, Tax Increase To Follow
CHARLOTTE, NC – The SouthPark area will soon be able to identify and fund its own projects and improvements thanks to a municipal service district designation.
The Charlotte city council will likely give final approval in the coming weeks, which will mean a tax increase for mostly retail and business property owners.
“Now we’re looking at a South Park MSD that essential is really going to focus on the need and opportunities in that part of town,” explained Councilman Tariq Bokhari, who represents the SouthPark area.
He says it would be a similar set up to the Center City Partners in Uptown Charlotte and the University City Partners.
Bokhari says property owners within the district would pay an additional 4 cents of property tax per $100 dollars of assessed value. That would raise roughly $1.3 million dollars in the first year.
“We’re really not able in the Charlotte citywide budget to be able to get the kinds of investments of capital we need,” said Bokhari.
Bokhari says 97% of the properties are businesses, restaurants and retail who are asking for special funding in order to improve the infrastructure.
“Honestly, I’m all for it,” said William Dehainaut.
He lives nearby and says the area could use the upgrade.
“I think that is something that is really lacking here in the area. Safe, public transportation, sidewalks, greenways, parks and things like that,” said Dehainaut.
Bokhari says a main focal point would be the loop. It’s a 3.2 mile walkable area that connects the mall to surrounding businesses and greenways.
“We have an opportunity to create a walkable connected environment where we all don’t have to sit in that congestion,” said Bokhari.
A final vote will be held in April. If approved, the extra tax would begin on July 1st.