Committee backs amendment to Circle Square TIF to allow later phases and extend term beyond 2052
Council committee agreed to amend 2020 Circle Square TIF legislation to strike a 2052 limit so upcoming hotel and residential phases can receive 30‑year TIFs; staff said the change will support new jobs and additional TIF pilot amounts for later phases.
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The committee advanced ordinance 941‑2026, an amendment to the 2020 Circle Square TIF that removes language preventing future phases from extending beyond 2052. Project managers said removing the cap allows the hotel and residential phases to carry full 30‑year TIF terms tied to each phase.
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