Developers outline two RHID requests, say state aid could offset local taxes; board asks for more studies
Two developers asked the Lansing School Board to endorse putting new Revenue-Housing Incentive District (RHID) plans on public notice, arguing the tax-increment incentives could increase the district's state aid and ease local property-tax burdens.
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Two developers asked the Lansing School Board to endorse putting new Revenue-Housing Incentive District (RHID) plans on public notice, arguing the tax-increment incentives could increase state aid for the school district and ease local property-tax burdens. Riverbend Heights' attorney Joe Oakes and developer Jeremy Greenemeyer presented separate projects and financial analyses and answered questions from board members during Item 3.1 of the meeting.
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