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Council advances redevelopment by extending and expanding TIF District No. 3

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Summary

Council approved, by consent, ordinances amending the boundary and extending the termination date of Tax Increment Financing (TIF) Redevelopment District No. 3 and permitting additional revenue bonds to fund further development phases.

MORGANTOWN, W.Va. — Morgantown City Council on June 17 approved, as part of the consent agenda, an ordinance removing certain parcels from the City of Morgantown Redevelopment District No. 3 boundary, extending the TIF district termination date by 15 years and permitting issuance of additional tax increment revenue bonds…

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