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Athens creates Tax Increment Financing District No. 4 to fund nearby infrastructure
Summary
The Athens City Council voted 4-0 to establish Tax Increment Financing (TIF) District No. 4 covering parcels near Lucas Ferry Road and Elm Street; city staff said the captured incremental tax revenue will reimburse the city for public improvements such as sidewalks, water and sewer work.
ATHENS, Ala. — The Athens City Council unanimously approved the creation of Tax Increment Financing District No. 4 on Sept. 22, 2025, a move city officials said will capture increases in property tax revenue within a defined area and use those funds to reimburse the city for public infrastructure projects. The district covers parcels near the planned Food City site at Lucas Ferry Road and Elm Street. City staff said the captured increment is not a new tax but the portion of future increased revenue that results from development. The council…
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