In a recent government meeting, officials discussed the proposed creation of Tax Increment District (TID) number 17, which encompasses approximately 105 acres on the far west side of the city, excluding 2 acres of existing wetlands. The district is set to facilitate a mix of residential, commercial, and industrial developments, with Newman Companies identified as the primary developer for the residential component.

The estimated total project expenses for TID number 17 are projected at approximately $17.8 million. This includes $6.6 million allocated for roadway improvements along South 18th Street, $6.2 million in development incentives primarily for infrastructure costs, $4.7 million in interest expenses related to potential debt issuance, and $340,000 for administrative and professional expenses over the district's lifespan.

The project plan anticipates generating over $69 million in new taxable value within the district, with a full 20-year lifespan required to cover the project costs. The proposed district boundaries are defined by Highway 45 to the east and South 18th Street to the west, with residential development planned for the southern end and non-residential components for the northern end.

Development is expected to unfold in phases, with the first phase focusing on residential units, followed by mixed-use industrial and commercial developments starting in 2027. The financial structure includes a geo promissory note for roadway reconstruction and municipal revenue obligations tied to the tax increment revenue generated from the developments.

During the public hearing segment of the meeting, local resident Ron Strzok expressed gratitude to city officials for their assistance in understanding the project plan and raised specific concerns regarding the residential design outlined in the documentation. The meeting concluded with a call for further public input as the city moves forward with the approval process for the TID.