Council approves $12.5 million deal for downtown, Woods wants same for South Monroe

The Monroe City Council approved a 25-year deal that will mean millions for downtown development over the next 25 years, but an unsolicited but similar request may come before the council for South Monroe at the council’s next meeting.

The city council unanimously approved a cooperative agreement between the city and the Downtown Economic Development District (DEDD) that will shift all sales tax revenue above $2.1 million to the control of the DEDD for purpose of promoting business growth in the area.

In addition, the city will shift all property taxes collected in the downtown district above $12.9 million to the DEDD.

The a…

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