Policy: Entitlements

Rent aid studied for downtown Cheyenne businesses

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News,Business,Wyoming,Entitlements

CHEYENNE, Wyo. (AP) — A tax-supported Cheyenne group is considering offering rent subsidies to new or expanding downtown businesses.

The Wyoming Tribune Eagle reported Tuesday (http://tinyurl.com/kzlf8uz ) the Cheyenne Downtown Development Authority/Main Street Board will discuss the proposal on June 12.

Board member Hans Seitz stressed the idea is simply a proposal and the group wants to hear from the public.

A draft of the proposal says grants could be up to $500 a month for 12 months and could be extended to 24 months.

The Downtown Development Authority gets most of its funding from sales taxes. It also collects from property taxes on buildings within its district.

Board member John Sundahl asked whether the program would violate the state Constitution. Seitz said the board had a legal opinion saying the program would be permissible.

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Information from: Wyoming Tribune Eagle, http://www.wyomingnews.com

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