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Commission hears plan for 230-unit workforce housing; TIF bond discussed to cover $3M of infrastructure costs
Summary
Lebanon EDC members heard a presentation from Spectra representatives on a proposed 230-unit multifamily development on the city’s north side and discussed a TIF-backed incentive to cover public infrastructure extensions; no formal commission vote was recorded in the transcript.
Lebanon Economic Development Commission members heard a detailed presentation about a proposed multifamily development by Spectra that would add 230 rental units on the city’s north side and discussed using tax increment financing to support public infrastructure for the project.
Ben (last name not specified), a city staff presenter, said the site requires extension of public roads and utilities through the property to serve adjacent developments and Spring Creek to the north. He described the project as intended to provide workforce housing for employees such as teachers, nurses and…
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