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Billings council conditionally approves $745,000 TIF for Old Billings Hardware with construction timeline requirement
Summary
After lengthy debate over delays and financing, Billings City Council approved up to $745,000 in tax‑increment financing for the Old Billings Hardware mixed‑use redevelopment, adding a condition that 80% of construction must be complete by March 30, 2027.
Billings City Council voted to conditionally approve up to $745,000 in tax‑increment financing (TIF) for the Old Billings Hardware mixed‑use redevelopment at 2802 Montana Avenue, attaching a new timing condition aimed at preventing further delay.
The council added a requirement — moved by Council member Kennedy and adopted as an amendment — that the project reach 80% construction completion by March 30, 2027. Randy Hafer, representing the developer, told the council: "My expectation is that we will be starting…
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