In a recent government meeting, discussions centered around the potential expansion of the Tax Increment District (TID) and its implications for local development, particularly concerning Sterling Pharma and surrounding properties. The Joint Review Board is set to evaluate the inclusion of additional plots, with preliminary conversations indicating interest in properties adjacent to Sterling Pharma, although no definitive decisions have been made.

Officials noted that the current proposals are not finalized and could change based on further discussions at upcoming planning commission meetings. The village board has emphasized a strategy to limit the TID to only essential properties, which has led to considerations of underutilized sites, including a brownfield property near Donjes Bay Road. However, the addition of residential properties to the TID remains unlikely unless property owners express interest.

The meeting also highlighted the financial mechanics of TIDs, clarifying that they do not impose costs on local taxpayers. Instead, the debt incurred by TIDs is serviced through incremental property taxes generated within the district. This structure aims to stimulate development that would not occur without such incentives, as evidenced by past projects that relied on TID funding for essential infrastructure like water and sewer services.

Concerns were raised about the limited number of amendments allowed for TIDs, with officials indicating that only three amendments are typically permitted. This limitation underscores the importance of careful planning and consideration of future developments within the district.

Overall, the discussions reflect a cautious approach to expanding the TID, balancing the need for economic growth with the implications for existing properties and taxpayers. The outcome of the Joint Review Board's evaluation will be pivotal in shaping the future of local development initiatives.