Walnut St. Project/SEDD Disparity

There was much discussion at the last Monroe city council meeting held Tuesday, June 28, 2022, when an ordinance authorizing a Cooperative Endeavor Agreement between the city of Monroe and developers of the Walnut St. Special District that would authorize the “sharing of tax increments” within the boundaries of that district. That is the project by the riverfront, where a two-block area will be converted to restaurants, a hotel, and other amenities that will spur economic developments and bring in more revenue for the city. The city, which spent $1.4 million for the vacant property on Walnut S...