VENTURA — The City Council, sitting as the city's Redevelopment Agency, will discuss a comprehensive plan to spruce up midtown and encourage private investment.
The Midtown Redevelopment Plan would affect an area resembling a giant pair of scissors along Main Street and Thompson Boulevard from Ash Street east to Mills Road.
It also includes the Buenaventura Mall and portions of Loma Vista and Telegraph roads.
The improvements would be paid for with tax increment financing, a process in which cities can set aside a portion of property tax revenues collected in designated areas that would otherwise go toward general city services and programs.
The draft redevelopment plan includes many proposed public improvements, including:
* Increasing the community's supply of moderate- to very low-income housing by creating programs to provide mortgage assistance and housing rehabilitation loans.