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EDIC adopts three‑year start deadline for incentive projects
Summary
The Economic Development Incentive Committee voted to require projects approved for incentives to start construction within three years of approval, giving staff a clear cutoff for reapplication and tracking.
The Economic Development Incentive Committee on May 27 approved a policy requiring projects that receive incentive approval to begin construction within three years of the commission’s approval, or return for reconsideration.
Jim Gilmore presented the rationale for a firm cutoff after the committee and city assessor reported several instances where long delays created uncertainty about whether…
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