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Area planning commission approves several city TIF amendments to support infrastructure for multiple projects
Summary
The commission voted to recommend approval of several city-sponsored amendments to economic development/TIF areas — adjustments that staff said would allow public infrastructure spending to support private development projects.
The Tippecanoe County Area Planning Commission on July 16 recommended approval of several city-sponsored amendments to local economic development/tax-increment financing (TIF) district boundaries and exhibits. Commission staff described the items as parcel adjustments intended to allow public infrastructure investment to support specific private development projects.
Why it matters: Amending TIF boundaries and exhibits can make public infrastructure costs eligible for reimbursement from future TIF revenues, enabling street extensions, utilities and other capital work tied to private…
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