Addison council approves final project and financing plan for Tax Increment Reinvestment Zone No. 1

Council approved the final project and financing plan for Addison TIRS No. 1, a 30‑year tax increment financing zone modeled to capture projected increment from Addison Junction and other investment; staff projected about $184 million to the TIRS fund and a net general‑fund benefit of roughly $175 million in the modeling.