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Council Approves Creation of Tax Incremental District No. 16 for Prairie Avenue Corridor
Summary
The council approved a resolution to create Tax Incremental District No. 16 covering roughly 305 acres along Prairie Avenue to support infrastructure, land acquisition and development incentives; the plan now moves to the Joint Review Board for final action in October.
The City Council approved a resolution to create Tax Incremental District (TID) No. 16, a roughly 305-acre district along the Prairie Avenue corridor intended to support infrastructure improvements, possible land acquisition and development incentives to implement the Prairie Avenue concept plan.
Drew Pennington, City of Beloit staff, said the proposed district includes about 113 parcels and runs roughly from the…
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