Fort Lauderdale OKs $23M Tax For Downtown Streetcar

Law360, Miami (July 09, 2013, 10:30 PM ET) -- The Fort Lauderdale, Fla. City Commission on Tuesday approved a $22.7 million special assessment tax against downtown property owners to help fund a 2.7-mile streetcar through the heart of the city's business district.

After hearing several members of the public speak for and against the streetcar, known as “The Wave,” the commissioners voted unanimously to support the project and begin the $22.7 million assessment, which will be spread out over the next 25 years, according to a memorandum with the meeting's agenda.

Mayor John P. Seiler...
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