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City OKs TIF District No. 8 to back 74-room Comfort Inn & Suites in Southtown
Summary
The Huron City Commission approved Resolution No. 202507 establishing Tax Increment Financing District No. 8 to support infrastructure for a planned 74‑room Comfort Inn & Suites; Greater Huron Development Corp. projected about $108,000/year in property taxes from the hotel and identified $1,000,000 in TIF proceeds upon project completion.
The Huron City Commission on Nov. 24 approved Resolution No. 202507 to create Tax Increment Financing (TIF) District No. 8 to support infrastructure for a proposed Comfort Inn & Suites hotel in Southtown.
Ted Hader of the Greater Huron Development Corporation, who led a slide presentation to the commission, said the project is planned as a three‑story, 74‑room hotel on roughly 2.6 acres immediately east of Iverson Auto. “Tax increment financing is a financing tool that uses property tax dollars to pay for the investment in infrastructure related to a project,” Hader said, describing eligible uses such as…
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