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Greene County leaders outline wastewater plant, TIF and sewer expansion tied to Prometheus project
Summary
County officials discussed a multi-year plan centered on Prometheus and Westgate that would expand sewer service, create a second TIF allocation area and rely on federal and developer funding for a new regional wastewater treatment plant.
Greene County elected officials and council members met in a special session to discuss a 5- to 10-year infrastructure and economic-development strategy focused on the Prometheus site and the Westgate area.
County leaders said the county expects Prometheus to be an anchor for additional investment and that expanding sewer service, enlarging a tax-increment financing (TIF) allocation area and building a new wastewater treatment plant are central to enabling the project and related private development.
Officials described a plan to create a second dedicated TIF allocation area covering roughly the Prometheus munitions campus (about 1,100 acres) and an expanded corridor of developable ground from Olive Branch Road to Antioch Road and from State Road 231 east to Stone Road. The county said base property tax revenue would remain with Greene County; tax increases from new development would be captured by the TIF. The redevelopment commission committed to returning 80% of that incremental revenue to Prometheus as an incentive; the transcript records that 53,000,000 (fifty-three million)…
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