Enhanced Infrastructure Financing District Poised to Provide Economic Boost to Samoa Peninsula
Press release from the County of Humboldt:
With the goal of creating new jobs and economic growth, the Humboldt County Board of Supervisors recently approved the formation of the Enhanced Infrastructure Financing District (EIFD) for the Samoa Peninsula. The proposed EIFD consists of over 2,400 acres located southwest of the Samoa Bridge and will help fund infrastructure improvement and contribute to job growth.
“Our office is tremendously excited at the Boards decision to move forward with this critical economic initiative,” said Humboldt County Economic Development Director Scott Adair. “The formation of the Samoa Peninsula EIFD will help to position our County for success as we seek to accommodate new growth aimed at creating jobs, promoting prosperity, and sustaining the livelihoods of people and families in our community.”
With plans for sustainable development in energy, aquaculture, and international communication, the Samoa Peninsula and Humboldt Bay have the potential to redefine their national significance. The largest community on the peninsula, the historic town of Samoa, just developed a new affordable housing complex, and is in the process of developing additional residential, commercial, and recreational areas. The peninsula has long been home to large industrial manufacturing, such as the old pulp mill, but now has plans to redevelop this infrastructure towards new more sustainable industries.
The State of California created Enhanced Infrastructure Financing Districts in 2014 as a tool for local governments to finance infrastructure projects and improvements as a replacement for state redevelopment funding. EIFD’s do not impose new taxes, but instead rely on tax increments through a re-appropriation of future property tax growth from interested agencies and jurisdictions.
The next steps are establishing a Public Financing Authority to govern the EIFD and a public meeting will be held Oct. 14 at 3 p.m. at the County Courthouse in the Board of Supervisors’ Chambers.
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More pipe dreams for the ruination of the peninsula by wind farms and foreign aquaculture by an incompetent BOS, together with yet another govt. administrative arm for taxpayers to support.
How, exactly, do wind turbines twenty miles off the shore, providing clean, cheap energy, ruin the peninsula? Or a business, providing jobs and food, within the footprint of a previous industrial site?
They need to plant some sort of plant out there to keep the sand and wind from sand blasting the paint of from structures out there.
Hmmm… they are already planted. Railroads introduced European Beach Grass and Lupine to the beach.
Before those plants, the Samoa peninsula used to be pretty flat.
Dang it, you’re right, just a windmill 20 miles out or so will solve the problem. Umm, don’t we have to hook it up to something? Like a battery, and stuff? With wires and stuff ? (sound of bong rip in background) Shit, I forgot about all the details and stuff… Wait, what?