Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City presents 75/25 TIF proposal to Tipp City Exempted Village board to fund plaza and 60‑acre redevelopment
Summary
City officials asked the Tipp City Exempted Village school board to approve a 75/25 tax‑increment financing split over a proposed 30‑year term to help the city recover approximately $18 million it plans to invest in redevelopment of Tipp Plaza and a 60‑acre site; presenters said the district could still gain roughly $2 million in net new revenue under conservative estimates.
City officials on Thursday asked the Tipp City Exempted Village School District board to consider a partnership that would split future tax growth from two redevelopment sites so the city can recoup investments to attract new businesses.
Eric Mack, the city manager, told the board the city is proposing a 75/25 tax‑increment financing arrangement for up to 30 years and that, without the TIF, “the projects don't work.” He said the city expects to invest about $18,000,000 in two major efforts: a mixed‑use redevelopment of Tipp Plaza and development of a roughly 60‑acre commercial tract the city…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
