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EDIC approves amendment to Grove Enclave agreement so TIF can begin with one pad site
Summary
The committee approved amending minimum improvement requirements at the Grove Enclave (former Kmart site), reducing the required standalone commercial pads from two to one so the tax‑increment financing period can begin while the developer continues lease‑up.
The Economic Development Incentive Committee on May 27 approved an amendment to the Grove Enclave development agreement that reduces the minimum required standalone commercial pads from two to one, allowing the property’s tax‑increment financing (TIF) period to begin sooner.
Jim Gilmore explained the project at the former Kmart site includes retail space, an affordable housing component and other uses. The…
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