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Council adopts ordinance creating Herald Municipal Improvement District for former newspaper site
Summary
City Council approved an ordinance to create a Municipal Improvement District (MID) covering roughly 7.35 acres at the former Herald site; the owner WP Herald LLC has consented and the ordinance sets a mechanism for future infrastructure financing without incurring city debt now.
The Rock Hill City Council on Monday adopted an ordinance creating the Herald Municipal Improvement District (MID) for the roughly 7.35-acre former Herald newspaper site, city staff said.
Anne Harney (staff member) told council the MID is a financing tool that would dedicate future tax receipts generated by development on the site to pay for public infrastructure…
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