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Two Rivers staff propose early termination of two underperforming TIDs to free increment for general fund and Hamilton redevelopment
Summary
City staff recommended terminating two single‑parcel TIDs (Culver's TID #13 and Eggers East TID #16) and outlined a broader TIF strategy to return increment to the general fund, capitalize a revolving loan fund, and combine parcels to enable Hamilton property redevelopment; formal action is planned in February.
City development staff on Jan. 5 presented a detailed review of Two Rivers’ 12 active tax increment financing districts (TIF/TID), recommending early termination of two underperforming single‑parcel districts to return increment to the general fund and to consolidate capacity for future redevelopment of the Hamilton property.
New development director Jeff Socksy told council the 12 districts have generated roughly $52 million in incremental growth since…
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