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Finance staff outline Concord’s CIP and TIF district performance; Pentacook, Sears Block and NEOC show rising assessed value
Summary
Assistant city staff updated the finance committee on the Capital Improvement Program and the three TIF districts (Northeast Opportunity Corridor, Sears Block, Pentacook Village); staff reported rising assessed value, project sequencing (roadwork, parks, roundabouts) and highlighted potential impact‑fee use for Exit‑17 roundabout debt service.
Tim Thompson, assistant community development director, briefed the Finance Committee on the FY26 Capital Improvement Program and on Concord’s three tax‑increment financing (TIF) districts: the Northeast Opportunity Corridor (NEOC), the Sears Block, and the Pentacook Village district.
Thompson said the three districts together cover about 333 acres and have created roughly $128.85 million in new assessed value since adoption. The NEOC district…
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