Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tif Blight Designation topic
No spam. Unsubscribe anytime.
Council designates Area 41 as blighted and substandard, opening TIF eligibility
Summary
Council approved declaring a parcel south of Capitol Avenue and east of North Road as blighted and substandard (Area 41), allowing developers to bring tax-increment financing proposals for new development.
The Grand Island City Council voted May 27 to designate “Blighted and Substandard Area Number 41,” a stretch of land south of Capitol Avenue east of North Road that includes houses along Capitol Avenue and undeveloped parcels in the Sterling subdivision.
Zach Butts and Keith Marvin presented the study and said the property owners involved (including the owners of Sterling Apartments and members of the Storatska family) requested the designation to allow tax-increment financing (TIF) proposals for redevelopment. Zach Butts said applicants are likely to submit two TIF proposals at different times and that affected homeowners were invited to an information session; attendees reportedly left ‘‘pleased with what they heard,’’ he said.
Keith Marvin, who prepared the blight study, told council the area met the statutory criteria used in the study and that council approval would not itself approve any TIF project but would invite developers to apply for TIF assistance. Deborah Klein, representing the owners, told council the owners previously built phases of the Sterling Apartments (phase 1 in 2013 and phase 2 in 2015) and would like to pursue new development on remaining parcels.
Council member Hossy moved to approve Resolution 2025-174; Council member Pollack seconded. The motion passed on council vote.
Staff told council they expect TIF applications to follow and that designation is a preliminary, enabling step rather than project approval.
