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MDC confirms Oxford Row EDA and pledges TIF to bond payments for Center Township project
Summary
The Metropolitan Development Commission approved the creation of the Oxford Row Economic Development Area, a developer-backed mixed-use project with 46 rental units and 5,000 square feet of retail, and a companion resolution pledging tax-increment financing to pay certain economic development bonds for the project.
The Metropolitan Development Commission on Thursday approved a confirmatory resolution establishing the Oxford Row Economic Development Area and a companion resolution pledging tax-increment financing (TIF) from that allocation area toward the payment of certain economic development revenue bonds.
Emily Stump, DMD administrator for economic incentives, told the commission the Oxford Row site sits along 20th and Delaware streets adjacent to Goose the Market. The mixed-use development will add 46 rental units and roughly 5,000 square…
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