Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Kokomo redevelopment commission establishes 11.51-acre TIF to support 192-unit Brown Capital project
Summary
Councilman Stevenson reported the redevelopment commission created the BCG Economic Development Area, an ~11.51-acre tax increment finance (TIF) district to support a proposed 192-unit, $45.7 million residential development by Brown Capital Group Contracts LLC; three resolutions were passed to finalize the district, council was briefed but took no further action at this meeting.
Councilman Stevenson told the Kokomo Common Council that the City and the redevelopment commission have formally established the BCG Economic Development Area, “an approximate 11.51 acre tax increment finance district located on the Northwest side of the city.”
The report said the district is intended to catalyze private investment and address gaps in local public improvements that would…
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
