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Middletown holds public hearing on proposed Christo townhomes TIF; council takes nonbinding straw poll
Summary
City staff and developer outlined a phased incentive-district TIF to pay infrastructure for a 59-unit townhome project at the former Lincoln School site. The city held a public hearing; no binding vote occurred but council took a straw poll signaling preliminary support.
MIDDLETOWN, Ohio — City staff and the developer of a proposed townhome project described a phased tax-increment financing plan for infrastructure at the former Lincoln School site during a public hearing Tuesday night, May 6.
Jacob Schulte, program manager for the city’s Community and Economic Development Department, told the Middletown City Council the proposal splits the project into four separate incentive-district TIFs so infrastructure funding will come online in sequence as construction proceeds. "This would be a 10 year 75 percent TIF," Schulte said, explaining that roughly 75 cents on the dollar of new valuation from the…
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