Community Improvement Districts

Community Improvement Districts are an economic development incentive offered by the City of El Dorado, which allows additional taxes to be levied on a designated area to fund capital improvements or certain on-going operating costs within the district. The taxes come from retail sales or special assessments on real property within the designated district.

Community Improvement Districts

Location Address CID % Term Start Date Project Cost Purpose
Days Inn 3200 El Dorado 2.0 22 years 7/2015 $3,143,244 Construction Costs
Strip Mall 2710 W. Central 1.0 22 years 7/2017 $588,000 Renovation/Expansion
Holiday Inn 3100 El Dorado 2.0 15 years 1/2018 $1,100,000 Renovation Costs
Baymont Inn/Anita's 2525 W. Central 2.0 22 years 1/2018 $1,110,000 Renovation Costs
El Dorado Plaza Strip Mall 2354 W. Central 1.0 22 years 1/2024 $3,250,000 Redevelopment Cost
CID Map