Committee advances Keystone TIF amendment to split Broad Street project into three financing pieces

Murfreesboro — The Rutherford County Investment Committee on Nov. 6 voted to proceed with an amended and restated resolution to revise the Keystone (Broad Street) tax-increment financing plan, allowing the single TIF previously approved in 2024 to be separated into three financing components.

The committee voted to "proceed" on the amendment after a presentation by Bart Klein of Klein Sweeney Associates, who said the change is strictly a financing adjustment and does not alter the approved design or the project schedule. "We're not changing design. We're not changing what we're doing in terms of the quality and how much. It is an adjustment to the TIF, and it's not an adjustment in cost or in time frame," Klein said.

Why it matters: The project converts an underused site the presenter said currently…