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Medina County commissioners plan review after notice of 30-year 100% TIF for Wadsworth residential project
Summary
The commissioners said they will discuss and may object to a proposed 30-year, 100% tax-increment financing (TIF) district in Wadsworth that would support infrastructure for a 280-unit residential development; concerns centered on long-term school revenue loss and scope of public improvements.
Medina County Board of Commissioners — The Medina County Board of Commissioners said they will schedule an expanded discussion of a proposed tax-incentive district (TIF) in the City of Wadsworth after receiving formal notice of the proposal.
County staff reported the notice describes a 30-year, 100% TIF to finance public infrastructure tied to a project that would create 280 residential units (a mixture described in the notice as single-family and townhomes). Under Ohio law, local taxing…
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