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Redevelopment commission approves four TIF allocation areas and takes first step on $20 million developer-backed bond for Liberty West
5494386 · January 29, 2025
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Summary
The Redevelopment Commission moved forward four tax-increment finance allocation areas and authorized an initial step on a developer-backed bond for the Liberty West project; an Economic Development Commission public hearing is scheduled next.
At a meeting before the council on Jan. 28, the Redevelopment Commission took action on five resolutions: four creating tax-increment finance (TIF) allocation areas and a fifth initiating the first step toward a developer-backed bond for the Liberty West development.
Councilman Pettit told the council the four new allocation areas cover…
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