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Council extends TIF window, authorizes bonds for Greater Downtown corridors revitalization
Summary
The City Council approved amendments to downtown redevelopment plans, extended the tax‑increment financing (TIF) period for the Greater Downtown principal corridors revitalization project, and authorized tax allocation bonds to help pay for infrastructure and corridor reconstruction.
The Lincoln City Council on Aug. 11 approved a package of actions to advance redevelopment along downtown principal corridors, including an extension of the tax‑increment financing (TIF) period and authorization to issue tax allocation bonds up to $31.2 million.
Council members voted 6‑0 to find that the Greater Downtown Principal Corridors revitalization project conforms with the city’s 2050 comprehensive plan, to…
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