The City of Palmdale in partnership with the County of Los Angeles has established an Enhanced Infrastructure Financing District (EIFD) in boundaries of the City of Palmdale and unincorporated Los Angeles County (see boundary map). The purpose of this district is to create a funding mechanism that can facilitate the construction of public infrastructure improvements in this area.
A portion of the property tax increment that the City of Palmdale and the County of Los Angeles receive would be specifically restricted to pay for the infrastructure projects listed in the Infrastructure Financing Plan (IFP) at an estimated $606 million be dedicated to the Palmdale EIFD over a 50-year period. These infrastructure improvements prioritize by the EIFD will include key infrastructure projects that are cost prohibitive due to the significant cost to serve the sites and prevent new development from occurring. These infrastructure investments will assist the City’s efforts to create jobs, provide housing opportunities, and invest in local and regional transportation projects. The establishment of the EIFD will not result in any new taxes or fees to the property owners in the EIFD boundaries or the City.
A PTID is a partnership between the City and hotels in Palmdale to create additional tourism and visitor opportunities that both visitors and residents can enjoy. The benefits an improvement district provides can come in a variety of forms such as signature events, enhancing current tourism attractions, development of additional destinations and infrastructure improvements.