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Unified Government establishes redevelopment/TIF district for Buc-ee’s project with capped, time-limited allocation
Summary
Commissioners voted to establish a redevelopment/TIF district to implement part of the Buc-ee’s incentives package; staff said the TIF portion is capped at about $3.3 million and limited to 15 years, using a share of incremental sales taxes.
The Unified Government Commission voted Jan. 29 to establish a redevelopment/TIF district to implement the previously negotiated incentives package for the Buc-ee’s project.
Economic development staff summarized the fiscal structure: the overall incentives package for the project is about $13 million, with roughly $3.3 million coming through a time-limited tax-increment financing arrangement. Staff told commissioners the TIF is limited to a 15-year…
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