Commission approves Cleveland Street Corridor redevelopment TIF to fund Midtown corridor projects
The commission approved a joint ordinance establishing a Cleveland Street Corridor Redevelopment Trust Fund and enabling a community-based tax increment finance (TIF) district for redevelopment initiatives in the Cleveland Street corridor.
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The Shelby County Board of Commissioners approved a joint ordinance with the City of Memphis creating the Cleveland Street Corridor Redevelopment Trust Fund, a community-driven tax increment financing district to support redevelopment in the Midtown/Cleveland Street area.
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