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Columbia City asks staff to study two TIF districts for proposed mixed-use development; road estimate $4.5M
Summary
Commissioners asked city staff to research creating separate residential and commercial tax-increment financing (TIF) districts to support a mixed-use development north of the plaza; staff cited an estimated $4.5 million road cost to be covered by infrastructure financing.
Columbia City commissioners directed city staff on Feb. 11 to research forming two tax-increment financing districts — one residential and one commercial — to support a proposed mixed-use development north of the downtown plaza.
City staff told the Redevelopment Commission that the initial infrastructure estimate for building a through road through the development parcel was about $4.5 million. Commissioners asked Greg (last name not specified) to…
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