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Fairfax moves toward Tysons tax district for roads

Wednesday - 10/17/2012, 9:44am  ET

McLEAN, Va. - The Fairfax County Board of Supervisors has approved a 40-year funding plan to require developers, businesses and residents in Tysons Corner to pay to help transform it into a downtown hub.

The board voted 7-2 Tuesday to advance a plan to set up a new tax district in Tysons to pay for transportation improvements. It would generate $250 million from landowners over the next 40 years.

Under the plan, real estate taxes are expected to increase by about 8 percent. The board rejected a provision that would have exempted residential landowners, so residents will be asked to pay, too.

About 100,000 people work in Tysons, and about 18,000 people live there.

A vote on establishing the tax district is expected later this year or in early 2013.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)