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Council adopts Hackberry Market TIF plan, sets July 1 start for 25-year district
Summary
The council approved the Hackberry Market sales-tax TIF project plan and a resolution to commence the tax-increment district on July 1 for a 25-year term; the plan anticipates roughly $97 million of capital investment and developer incentives up to $22 million.
The Broken Arrow City Council adopted the Hackberry Market project plan and created Tax Increment District (TID) Number 6 at Tuesday's meeting, and later approved a resolution to commence the district effective July 1 for a 25-year term.
Staff summary: Nate Ellis, economic development staff, described the proposed retail development by Sooner Investment at Aspen and 121st (behind the Warren Theater). The plan envisions about 211,000…
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