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Council approves TIF term sheet for redevelopment of Lakeshore/Mid Cities mall site
Summary
The Manitowoc Common Council unanimously approved a tax-increment financing (TIF) term sheet to support redevelopment of the former Lakeshore/Mid Cities mall properties after committee presentation and favorable comment from council members, who described the plan as developer-driven and ready to move forward with staff authorization to execute documents.
The Manitowoc Common Council on its September agenda approved a tax-increment financing term sheet intended to support redevelopment of the former Lakeshore/Mid Cities mall properties.
Council President Bill Schley relayed the Committee of the Whole’s report on document 18-05 and recommended approval of the term sheet and authorization for city staff to execute related documents. The council voted unanimously to…
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