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Commission approves administrative amendment to North River Commerce Center TIF; grants five-year construction extension
Summary
Hamilton County commissioners approved an amendment to the economic impact plan for North River Commerce Center that extends the construction completion deadline and modestly broadens allowable industrial uses while keeping the public reimbursement cap unchanged.
Hamilton County commissioners voted Oct. 15 to approve a second amendment to the economic impact plan for the North River Commerce Center Industrial Park and related redevelopment of North Access Road.
The amendment (Resolution 10 25–35) does not change the TIF’s dollar cap or extend the overall tax increment financing (TIF) period, county staff said. Instead the amendment extends the project’s construction completion deadline by five years and slightly broadens the definition of allowed uses to include some manufacturing alongside industrial distribution, while continuing to exclude hotels, retail, restaurants and residential uses.
Matt Phillips, managing partner of RISE Partners, told the commission the project has created more than 200 jobs so far and that private investment and public infrastructure work continue. Phillips said since 2022 the developer has invested more than $50 million in new industrial space, $9.4 million in public infrastructure and had 390,000 square feet completed with additional space under construction. He said the amendment is prompted by macroeconomic headwinds and would allow completion of phase 2 without changing the TIF reimbursement cap.
Commissioners asked whether the amendment affected school revenue or the public reimbursement cap. Phillips and county staff said the school portion of distributions and the $8.75 million public infrastructure cap remain unchanged. Commissioner Graham asked directly and was told the amendment does not alter school funding or the capped public reimbursement amount.
The commission approved the amendment on a roll call vote. Supporters framed the amendment as a narrowly tailored change to allow the developer more time to finish the planned build-out and to permit some additional types of industrial employment that could increase higher-paying jobs in the county.
Why it matters: The change is administrative rather than financial — it aims to preserve the project’s economic goals after construction delays caused by economic conditions. Commissioners emphasized that the action preserves the financial limits and school share of the original plan.
What’s next: Construction for phase 2 will proceed under the extended timeline; the developer said it remains on track to meet or surpass previously estimated private investment and job targets.
