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Paris Council removes Sub‑Zone 4 from TIRZ No. 1 to free up development incentives
Summary
Following a presentation from staff and a recommendation from the TIRZ No. 1 board, the Paris City Council voted 5–0 to approve an ordinance removing Sub‑Zone 4 (the Gene Stallings industrial park) from Tax Increment Reinvestment Zone No. 1 to allow more flexible future incentives for the industrial park.
The Paris City Council voted unanimously Dec. 8 to remove Sub‑Zone 4 from the city’s existing Tax Increment Reinvestment Zone (TIRZ) No. 1. Staff said the TIRZ board recommended the change because Sub‑Zone 4, which contains the Gene Stallings business/industrial park, has seen little development since the TIRZ was created.
Miss Harris, a city staff…
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