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Commissioners approve nearly $7.9M TIF reimbursement for Grant Creek Crossing; environmental and traffic concerns raised
Summary
The board approved use of tax-increment financing to reimburse public infrastructure for the Grant Creek Crossing targeted economic district after a presentation of project scope and revenue projections; environmental groups and neighbors urged stronger stormwater protections and more public engagement.
Missoula County commissioners on Feb. 12 approved using tax-increment financing to reimburse public infrastructure for the Grant Creek Crossing targeted economic development district (TED), authorizing public reimbursement for work the developer will privately finance.
Community and Economic Development staff described the request as a delayed reimbursement arrangement: the developer will build infrastructure — including a traffic signal at Reserve and Schramm, water and sewer extensions from the expressway, buried electric lines, and an internal road — and the county will reimburse those costs as property tax increment is generated. "They're privately financing this," Andrew Hagenmeier said in the staff presentation. "Once that vertical development occurs, then we start collecting property taxes ... that will allow us to start reimbursing the development team."
Flana…
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